Suppose That a Worker in Country a Can Make Either

question 30

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.Suppose Country A specializes in bananas,and Country B specializes in tomatoes.The limits to the terms of trade that Country B would find acceptable are Country B will accept no:

• A) more than 3 bananas for each tomato.
• B) less than 3 bananas for each tomato.
• C) more than 1 tomato for every 3 bananas.
• D) less than 1 tomato for every 3 bananas.

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Definitions:

Remanded

When an appellate court sends a case back to a lower court for further proceedings or a new trial, usually with specific instructions.

Reversed

When a decision or process is turned in the opposite direction or changed to the opposite status.

Affirmed

A legal term indicating that a decision made by a lower court has been upheld by an appellate court.

Defendant's Assets

The property or holdings of an individual or entity being sued, which may be subject to claims or settlement in a lawsuit.