In Question #25 Above

question 9

Multiple Choice

In Question #25 above,

• A) a post-trade price ratio (terms of trade) of 1 shirt:0.75 machine is a feasible post-trade price ratio.
• B) a post-trade price ratio (terms of trade) of 1 machine:0.6 shirt is a feasible post- trade price ratio and it would give all the gains from trade to France.
• C) a post-trade price ratio (terms of trade) of 1 machine:0.55 shirt is a feasible post-trade price ratio and both countries would gain from trade at that price ratio.
• D) other things equal, if world demand for shirts is much greater than world demand for machines, then the post-trade price ratio (terms of trade) will tend to settle toward or be located at 1 shirt:0.6 machine rather than settle toward or be located at 1 shirt:0.5 machine.

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Definitions:

Moving Medially

The action or direction of moving toward the midline of the body or point of reference, opposite of moving laterally.

Rotating Arm

A mechanical component that pivots around an axis to move objects or apply force, often found in robotic systems and machinery to facilitate a wide range of motion.

Calcaneal Tendon

Also known as the Achilles tendon, it connects the calf muscles to the heel bone, facilitating walking by helping to raise the heel off the ground.

Popliteal Fossa

The shallow depression located at the back of the knee joint, bordered by muscles and bone structures.