The Table Given Below Shows the Number of Labor Hours

question 45

Multiple Choice

The table given below shows the number of labor hours required to produce 1 umbrella and 1 bushel of corn in the U.K. and the Rest of the World. If the U.K. and the Rest of the World begin to trade with each other, the international price of corn will lie between _____ and _____. $$\begin{array} { | c | c | c | } \hline \text { Labor hours to make: } & \text { In the Urited Kingdorn } & \text { In the Rest of the World } \\\hline \text { l umbrella } & 3.00 & 2.00 \\\hline \text { 1 bushel of corn} & 1.00 & 0.25 \\\hline\end{array}$$

• A)1/3 of an umbrella per bushel of corn; 3 umbrellas per bushel of corn
• B)3 umbrellas per bushel of corn; 8 umbrellas per bushel of corn
• C)1/8 of an umbrella per bushel of corn; 1/3 of an umbrella per bushel of corn
• D)1/8 of an umbrella per bushel of corn; 8 umbrellas per bushel of corn

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Definitions:

Suffix

a letter or group of letters added at the end of a word to form a new word or alter its function.

Solicit

To ask for or try to obtain something from someone.

Suffix

A set of letters placed at the end of a word to alter its meaning or convert it into another part of speech.

Pin

A small, slender piece of metal used for securing or attaching things, or as a marker.