Solved

Suppose That the Labor Requirements Per Unit of Output in Each

question 14

Multiple Choice

Suppose that the labor requirements per unit of output in each of the two industries in Each of three countries are as follows:
$\begin{array} { l l l } & \underline{\text { Wheat }} & \underline{\text { Cloth} } \\\\\text { Spain } & \text { 2 days } & \text { 3 days } \\\text { France } & \text { 2 days } & \text { 2 days } \\\text { United States } & \text { 1 day } & \text { 3 days }\end{array}$
In this situation, with an international terms of trade of 1 cloth:2 wheat (or 1 wheat:½ cloth) , __________ would export cloth and import wheat; if the terms of trade were, instead, 1 wheat:¾ cloth (or 1 cloth:1 $Suppose that the labor requirements per unit of output in each of the two industries in Each of three countries are as follows: \begin{array} { l l l } & \underline{\text { Wheat }} & \underline{\text { Cloth} } \\\\ \text { Spain } & \text { 2 days } & \text { 3 days } \\ \text { France } & \text { 2 days } & \text { 2 days } \\ \text { United States } & \text { 1 day } & \text { 3 days } \end{array} In this situation, with an international terms of trade of 1 cloth:2 wheat (or 1 wheat:½ cloth) , __________ would export cloth and import wheat; if the terms of trade were, instead, 1 wheat:¾ cloth (or 1 cloth:1 wheat) , __________ would export cloth and import wheat. A) France and the United States; Spain B) Spain and France; France C) France and the United States; Spain and the United States D) Spain and France; Spain and the United States$ wheat) , __________ would export cloth and import wheat.

Definitions:

Multimedia

The use of multiple forms of media, such as text, audio, images, animations, and video, to convey information or entertainment.

Online Résumé

A digital version of a curriculum vitae or resume, typically hosted on a website or online platform, showcasing an individual's skills and experiences.

Technology-Related Fields

Areas of study or professional practice that focus on the development, application, and impact of technology.

Plain-Text File

A computer file that contains only text and has no special formatting, making it universally readable across different software and platforms.