Suppose That a Worker in Country a Can Make Either

question 20

Multiple Choice

Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year.Country A has 100 workers.Suppose a worker in Country B can make either 2 iPods or 10 tablets each year.Country B has 200 workers.Country A would be using resources efficiently if it produced:

• A) (500 iPods, 100 tablets).
• B) (500 iPods, 150 tablets).
• C) (500 iPods, 200 tablets).
• D) (500 iPods, 250 tablets).

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Definitions:

Principal

The amount of money initially invested or loaned, in contrast to interest or profit earned from the investment.

Authority

The authority or capability to issue commands, make choices, and ensure compliance.

Export Controls List

A regulatory document or framework that specifies goods, software, or technology that are restricted or controlled for export, to comply with national security and trade policies.

Export Broker

An individual or company that acts as an intermediary, helping businesses to sell and distribute products to foreign markets without having to deal with the complexities of export regulations directly.