Suppose That the Cost of Producing 1 Unit of Wine

question 99

Multiple Choice

Suppose that the cost of producing 1 unit of wine in Happy Island is 2 units of rice;in Joy Island 1 wine costs 4 rice.What might be possible terms of trade between the two countries?

• A)1 rice = 3/8 wine.
• B)1 rice = 3 wine.
• C)1 rice = 6 wine.
• D)1 wine = 1 rice.

---

Definitions:

Self-actualizers

Individuals who continually seek personal growth and fulfillment, striving to achieve their highest potential and capabilities.

Prejudice

An opinion formed beforehand without sufficient evidence or personal experience.

Preconceptions

Ideas or opinions formed before having the evidence for their truth or usefulness.

Crystallized Intelligence

The ability to use skills, knowledge, and experience, which tends to grow stronger with age.