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Consider a Two-Country, Two-Commodity Model A)increase; 1
B)decrease; 1

question 18

Multiple Choice

Consider a two-country, two-commodity model. The table given below shows the units of good X and good Y produced in country A and country B per labor hour. If country A transfers 1 labor hour from the production of good Y to the production of good X, total world production of good X will _____ by _____ units.  Productivity  Country A  Courntry B  Good X 1.000.50 Good Y 0.200.70\begin{array} { | c | c | c | } \hline \text { Productivity } & \text { Country A } & \text { Courntry B } \\\hline \text { Good X } & 1.00 & 0.50 \\\hline \text { Good Y } & 0.20 & 0.70 \\\hline\end{array}


Definitions:

Guilty Act

Refers to the actus reus in criminal law, which is the physical act or unlawful omission leading to a crime.

Larceny

The unlawful taking, attempting to take, carrying, leading, or riding away of another person’s property with intent to permanently deprive the rightful owner of the property.

United States v. Park

A significant case in which the U.S. Supreme Court held that a corporate officer could be held criminally liable under the Federal Food, Drug, and Cosmetic Act for failing to prevent or remedy violations of its provisions.

Corporate Executives

Individuals who hold senior management positions within a corporation, responsible for making major corporate decisions.

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