Table 3-22 Assume That Zimbabwe and Portugal Can Switch Between Producing Toothbrushes

question 24

Multiple Choice

Table 3-22
Assume that Zimbabwe and Portugal can switch between producing toothbrushes and producing hairbrushes at a constant rate.
-Refer to Table 3-22. Zimbabwe and Portugal would not be able to gain from trade if Zimbabwe's opportunity cost of one toothbrush changed to

• A)0 hairbrushes.
• B)5/6 hairbrushes.
• C)6/5 hairbrushes.
• D)Zimbabwe and Portugal can always gain from trade regardless of their opportunity costs.

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Definitions:

Assignment Protocol

Assignment Protocol is a set of rules or procedures designated for assigning tasks, responsibilities, or resources in an organized manner.

Delegation

The act of assigning responsibility or authority from one person to another, often seen in management or organizational contexts.

Assignment

The conveyance of property or legal rights from one party to another.

Contract Amount

The total financial obligation or the sum involved in a contract agreed upon by the parties.