Suppose That a Worker in Freedonia Can Produce Either 6

question 88

Multiple Choice

Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year,and a worker in Sylvania can produce either 2 units of corn or 6 units of wheat per year.Each nation has 10 workers.Without trade,Freedonia produces and consumes 30 units of corn and 10 units of wheat per year.Sylvania produces and consumes 10 units of corn and 30 units of wheat.Suppose that trade is then initiated between the two countries,and Freedonia sends 30 units of corn to Sylvania in exchange for 30 units of wheat.Sylvania will now be able to consume a maximum of

• A)30 units of corn and 30 units of wheat.
• B)40 units of corn and 30 units of wheat.
• C)40 units of corn and 20 units of wheat.
• D)10 units of corn and 40 units of wheat.

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Definitions:

Core Competency

A defining capability or advantage that distinguishes an organization from its competitors, often contributing to its success or competitive advantage.

Unique Distribution System

A distinctive method or strategy employed by a company to deliver its products or services to its customers, setting it apart from competitors.

Emotional Intelligence

Emotional intelligence entails the ability to recognize, understand, and manage one's own emotions as well as the emotions of others, facilitating improved communication and relationships.

Changing Market Tastes

Alterations in consumer preferences and desires that occur over time, often influencing product development and marketing strategies.