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:

Financial Aid

Monetary assistance provided to individuals, typically students, to help cover the cost of education expenses.

Post Hoc Ergo Propter Hoc

A logical fallacy that assumes a causal relationship between two events simply because one event followed the other.

Causality

The relationship between cause and effect, often studied to understand how one variable or event influences another within various contexts.

Normative Statement

A statement that expresses a value judgement or an opinion about what ought to be, rather than an objective or fact-based assertion.