Table 3-2 Assume That Aruba and Iceland Can Switch Between Producing Coolers

question 402

Multiple Choice

Table 3-2
Assume that Aruba and Iceland can switch between producing coolers and producing radios at a constant rate.

-Refer to Table 3-2.Aruba and Iceland would not be able to gain from trade if Iceland's opportunity cost of one radio changed to

• A) 0 coolers.
• B) 0.25 coolers.
• C) 2.5 coolers.
• D) Aruba and Iceland can always gain from trade regardless of their opportunity costs.

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Definitions:

Control

The power to influence or direct people's behavior or the course of events.

Inner Conflict

A psychological struggle within oneself, arising from opposing demands or impulses.

Major Life Changes

Changes in your life, such as divorce, that increase daily hassles, leaving you stressed and worn out.

Internal Sources

Refers to the means within an organization or entity from which information, financing, or support can be drawn.