Suppose That a Worker in Country a Can Make Either

question 4

Multiple Choice

Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year.Country A has 200 workers.Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year.Country B has 400 workers.Two possible consumption bundles that Country B could produce are:

• A)(7.200 bananas,2,400 tomatoes)and (3,600 bananas,1,200 tomatoes)
• B)(7.200 bananas,0 tomatoes)and (4,000 bananas,1,200 tomatoes)
• C)(3.600 bananas,1,200 tomatoes)and (1,800 bananas,1,600 tomatoes)
• D)(1.800 bananas,1,800 tomatoes)and (900 bananas,2,000 tomatoes)

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Definitions:

SPSS Output

The results generated by the Statistical Package for the Social Sciences, including statistical tests, tables, and graphs, after data analysis.

Test Statistic

A calculated value from sample data that is used in statistical testing to decide whether to reject the null hypothesis within the framework of a hypothesis test.

P-value

A statistical measure that indicates the probability of observing the test results, or something more extreme, if the null hypothesis is true.

Null Hypothesis

A hypothesis that suggests there is no statistical significance between the specified sets of observations, usually representing a statement of no effect or no difference.