Below Is Some Hypothetical Data for the Countries of Canada

question 109

Multiple Choice

Below is some hypothetical data for the countries of Canada and Mexico.(Assume that Canada has 10 million workers per month available and Mexico has 20 million. )
Canada's Production Possibilities
(Output in millions of bushels per month)
Mexico's Production Possibilities
(Output in millions of bushels per month)
Output Before Trade
(Output in millions of bushels per month)

-Refer to the information above to answer this question.What is the opportunity cost of 1 bushel of beans in Mexico?

• A)0.5 bushels of rye.
• B)1 bushels of rye.
• C)2 bushels of rye.
• D)6 bushels of rye.
• E)10 bushels of rye.

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Definitions:

Normal Accidents

Refers to complex systems' inevitable incidents caused by their intricacies and interactive elements, often unpredictable.

Invention Speculation

The act of predicting or theorizing about future inventions and technological advancements without concrete evidence.

Technological Determinist

A perspective suggesting that technological development shapes societal change, including cultural and social structures.

Technological Change

Involves the innovation and adoption of new technologies or the improvement of existing technologies, significantly impacting society and the economy.