SCENARIO: ABSOLUTE AND COMPARATIVE ADVANTAGE

question 165

Multiple Choice

SCENARIO: ABSOLUTE AND COMPARATIVE ADVANTAGE
Poland requires 4 hours of labor to produce a ton of coal and 10 hours of
Labor to produce 10 bushels of wheat.The Czech Republic requires 6
Hours of labor to produce a ton of coal and 10 hours of labor to produce
10 bushels of wheat.
Reference: Ref 2­5
(Scenario: Absolute and Comparative Advantage) The international price
Of wheat must fall between which of the following two prices?

• A)between 1/6 ton and 1/4 ton of coal per bushel of wheat
• B)between 1 2/3 ton and 2 1/2 tons of coal per bushel of wheat
• C)between 1/6 hour and 1/4 hour of labor per bushel of wheat
• D)between 4 tons and 6 tons of coal per bushel of wheat

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Definitions:

Molecules

The smallest unit of a chemical compound that can exist, consisting of two or more atoms held together by chemical bonds.

Refractory Period

A period immediately following an action (e.g., a neuron's firing or human ejaculation) during which a second action is difficult or impossible to initiate.

Neuron

A specific type of cell responsible for sending nerve signals; also known as a neuron.

All-Or-None Response

A neuron’s reaction of either firing (with a full-strength response) or not firing.