Answer the Question Using the Accompanying Cost Ratios for Two

question 230

Multiple Choice

Answer the question using the accompanying cost ratios for two products, fish (F) and chicken (C) , in countries Singsong and Harmony. Assume that production occurs under conditions of constant costs and that these are the only two nations in the world.Singsong: 1F = 2CHarmony: 1F = 4CWhich one of the following would not be feasible terms for trade between Singsong and Harmony?

• A)1 fish for 2½ chicken
• B)1 fish for 3 chicken
• C)1 chicken for 1/5 of a fish
• D)1 chicken for 1/3 of a fish

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Definitions:

ESP

Extra-Sensory Perception, the claimed ability to obtain information without the use of known senses.

Parapsychology

The study of phenomena beyond the scope of traditional psychology, such as psychic abilities and near-death experiences.

ESP

Extra-Sensory Perception, a claimed ability of individuals to acquire information without the use of known sensory mechanisms.

Scientific Testing

A methodical procedure carried out to support, refute, or validate a hypothesis, involving empirical and measurable evidence subject to specific principles of reasoning and experimentation.