Scenario: A shoe manufacturer has factories in two countries, Country X and Country Y. Shoe manufacturing involves two main tasks-designing the shoe and stitching it. The value added per hour in each activity by workers in the two countries is shown in the table below.
-Refer to the scenario above.The opportunity cost per dollar of value added in designing shoes by workers in Country Y is ________.
Definitions:
Herbert Hoover
The 31st President of the United States, serving from 1929 to 1933, known for his administration's response to the Great Depression.
Voluntary Cooperation
A process where individuals or groups willingly work together towards a common goal or interest without coercion.
Kellogg Briand Pact
An international agreement signed in 1928 that aimed to prevent war by making it illegal as a policy tool among signing nations.
International Community
A collective term for all countries and their governments, often used in the context of global politics and diplomacy.
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