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

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Definitions:

Mate Selection

The process by which individuals choose partners based on various factors including social background, physical attractiveness, and shared interests.

People Marry

The social institution under which individuals establish a legally recognized partnership typically involving emotional and economic ties.

Different Cultures

The variety of ways of life, traditions, and beliefs shared among groups of people from distinct geographic, ethnic, or social backgrounds.

Factor Analysis Method

A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables called factors.