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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:

Meta-analysis

A research method that combines and analyzes data from multiple studies to derive conclusions about that data set.

Psychodynamic Therapy

A therapeutic approach that focuses on unconscious processes as they are manifested in a person's present behavior, aiming to unveil past conflicts driving current issues.

Intervention Program

A structured program designed to help individuals change behaviors and processes that are detrimental to their well-being.

Status Offenses

Behaviors that are considered violations of law only because of the age of the offender, such as truancy or underage drinking.