Answer the Question on the Basis of the Following Information

question 117

True/False

Answer the question on the basis of the following information.Assume that by devoting all its resources to the production of X,nation Alpha can produce 40 units of X.By devoting all its resources to Y,Alpha can produce 60Y.Comparable figures for nation Beta are 60X and 40Y.
Refer to the given information.Beta would prefer terms of trade at,or close to,1X = 1½Y.

---

Definitions:

Monopsonist's Wage Cost

The cost to a monopsonist (a single buyer in a market) of paying for labor, influenced by their power to set wages due to lack of competition.

Additional Worker

A term used in economics and human resources referring to an extra employee hired to meet increased workload or production demands.

Exclusive Unionism

A labor policy in which a union negotiates that only union members can be hired by the employer.

Industrial Union

A labor union whose membership is composed of workers from various trades within a particular industry.