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.

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Definitions:

Procedural Unconscionability

Unconscionability that derives from the process of making a contract.

Excessive Legalese

The use of overly complex and technical legal language that can be confusing and hard to understand for non-experts.

Blue Laws

Laws that restrict or ban certain activities on Sundays, historically to encourage observance of the Sabbath.

Sunday Prohibition

Laws or regulations that prohibit certain activities or operations on Sundays, historically rooted in religious observance but can also include secular motivations.