Suppose That a Worker in Country a Can Make Either

question 122

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, 2,200 tomatoes)

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Definitions:

ADR

Stands for Alternative Dispute Resolution, which encompasses various methods outside of court proceedings to resolve disputes, including arbitration and mediation.

Federal Arbitration Act

A United States federal law that provides for the enforcement of arbitration agreements and governs the proceedings of arbitration in commercial disputes.

Arbitration Act of 1980

Legislation that governs the process of arbitration, a form of alternative dispute resolution, in specific jurisdictions, facilitating and regulating the settling of disputes outside the court system.

Interstate Commerce

Refers to any trade, traffic, or transportation within the U.S. that crosses state boundaries or affects more than one state.