The Table Below Shows the Bushels of Wheat and the Bottles

question 14

Multiple Choice

The table below shows the bushels of wheat and the bottles of beer that North and South Dakota can produce per day of labor under two different hypothetical situations (Cases I and II) . $$\begin{array} { | l | c | c | c | c | } \hline & { \text { Case I } } & & { \text { Case II } } \\\hline & \text { South Dakota } & \text { North Dakota } & \text { South Dakota } & \text { North Dakota } \\\hline \text { Wheat (bushels) } & 4 & 1 & 3 & 1 \\\hline \text { Beer bottles) } & 1 & 2 & 4 & 2 \\\hline\end{array}$$ For case II,in what range must the "international" price of wheat fall? (i.e.,if North and South Dakota trade only with each other,what is the possible range of prices?)

• A)Between 1 bushel of wheat = 4/3 bottles of beer and 1 bushel of wheat = 2 bottles of beer
• B)Between 1 bushel of wheat = 3/4 bottles of beer and 1 bushel of wheat = 2 bottles of beer
• C)Between 1 bushel of wheat = 3/4 bottles of beer and 1 bushel of wheat = ½ bottles of beer
• D)none of the options

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