Suppose ThatTip Can Write 4 Pages of Term Papers or Solve

question 2

Multiple Choice

Suppose thatTip can write 4 pages of term papers or solve 4 workbook problems in an hour, while Spot can write 5 pages of term papers or solve 15 workbook problems in an hour.If they each decide to work a total of 6 hours and to share their output, then if they produce as many pages of term paper as possible given that they produce 20 workbook problems,

• A)both students will spend some time at each task.
• B)Spot will write term papers only and Tip will do workbook problems only.
• C)Spot will spend all of his time writing term papers and Tip will spend some time at each task.
• D)Tip will spend all of his time writing term papers and Spot will spend some time at each task.
• E)Tip will write term papers only and Spot will do workbook problems only.

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Definitions:

Dispute Settlement Understanding

A core WTO agreement that outlines how countries can resolve trade disputes under its framework.

WTO

Short for World Trade Organization, an international body aimed at promoting and facilitating free trade by reducing tariffs and other trade barriers.

Tariff

A tax or duty to be paid on a particular class of imports or exports, used by governments to regulate trade.

Normal Trade Relations

A GATT principle of trade law which requires that WTO member states treat like goods coming from other member states on an equal basis.