Suppose That a Worker in Country a Can Produce Either

question 33

Multiple Choice

Suppose that a worker in Country A can produce either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can produce either 18 bananas or 6 tomatoes each year. Country B has 400 workers. Country A specializes in bananas and Country B specializes in tomatoes. Regarding the terms of trade, Country B will accept no _____ than _____ for every _____.

• A) more; 3 bananas; one tomato
• B) less; 3 bananas; one tomato
• C) more; 1 tomato; 3 bananas
• D) less; 1 tomato; 3 bananas

---

Definitions:

Operational Excellence

The execution of business strategy more consistently and reliably than the competition, resulting in lead performance in revenue and profitability.

Indirect Spend

Expenses on goods and services that are not directly incorporated into a product being manufactured, such as office supplies or professional services.

Direct Spend

Expenditures directly associated with the production of goods or services, such as raw materials and manufacturing costs.

Value Requirement

The essential features or characteristics that a product, service, or process must possess to meet stakeholder or customer needs.