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Suppose That a Worker in Boatland Can Produce Either 5

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Suppose that a worker in Boatland can produce either 5 units of wheat or 25 units of fish per year,and a worker in Farmland can produce either 25 units of wheat or 5 units of fish per year.There are 30 workers in each country.No trade occurs between the two countries.Boatland produces and consumes 75 units of wheat and 375 units of fish per year while Farmland produces and consumes 375 units of wheat and 75 units of fish per year.If trade were to occur,Boatland would trade 90 units of fish to Farmland in exchange for 80 units of wheat.If Boatland now completely specializes in fish production,how many units of fish could it now consume along with the 80 units of imported wheat?


Definitions:

Judeo-Christian

Pertaining to the religious writings, beliefs, and values shared by Judaism and Christianity.

Ethical Behavior

Conduct that is consistent with principles of moral rightness and standards of acceptable behavior within a society or profession.

Peer Review

The process of having one’s research reviewed by other researchers in the author’s field prior to publication. See also refereeing.

Belmont Report

A report by the National Commission for the Protection of Human Subjects of Biomedical and Behavioral Research. It outlines three basic ethical principles—autonomy, beneficence, and justice—covering research with human subjects.

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