Given the Following Constant-Cost Production-Possibilities Frontiers for Pakistan and India

question 10

Multiple Choice

Given the following constant-cost production-possibilities frontiers for Pakistan and India:

Pakistan has an autarky relative price of __________; if trade begins with India, then Pakistan would produce at point __________, assuming complete specialization.

• A) 1 cloth:0.5 wheat ; (i.e., P_cloth/P_wheat = 0.5); A
• B) 1 cloth:0.5 wheat ; (i.e., P_cloth/P_wheat = 0.5); B
• C) 1 cloth:2 wheat ; (i.e., P_cloth/P_wheat = 2); A
• D) 1 cloth:2 wheat ; (i.e., P_cloth/P_wheat = 2); B

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Definitions:

Sexual Harassment

In the employment context, the granting of job promotions or other benefits in return for sexual favors (quid pro quo harassment), or language or conduct that is so sexually offensive that it creates a hostile working environment (hostile environment harassment).

Wrongful Termination

The illegal firing of an employee in violation of federal or state laws, or breach of employment contract terms.

Disability Income

Financial compensation provided to individuals who are unable to work due to a disability.

Probate

The process of "proving" the validity of a will and ensuring that the instructions in a valid will are carried out.