Below Is the Productivity Per Worker (Kilos Per Day)in the Wheat

question 126

Multiple Choice

Below is the productivity per worker (kilos per day) in the wheat and bean industries of Caledonia and Ibrox.The working population in each country is 16 million people.

-Refer to the data above to answer this question.Suppose that initially each country was self-sufficient in the two products and employed half of their working populations in each industry.If subsequently each country were to totally specialize in the product in which it has a comparative advantage,what would be the subsequent gains from trade?

• A)16 wheat and 16 beans.
• B)16 wheat and 32 beans.
• C)0 wheat and 64 beans.
• D)48 wheat and 32 beans.

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Definitions:

Actuarial Loss

A loss recognized when the actual experience under a pension plan deviates from expected assumptions, resulting in increased liabilities or decreased assets.

Unrecognized Actuarial (Gain)Loss

Financial gains or losses in pension plans or other post-employment benefit plans that have not been recognized in financial statements.

Income Statement Reporting

The process of presenting revenue, expenses, and profits or losses over a specific period in an income statement.

Other Postretirement Benefits

Benefits, other than pension distributions, that an employee is entitled to receive after retirement, such as life insurance and medical benefits.