Use the Following to Answer Questions

question 113

Multiple Choice

Use the following to answer questions :
Scenario: The Production of Wheat and Toys The table describes the production of two goods, wheat and toys, in country A and country B. Each country has a linear production possibility frontier with respect to its production of the two goods. The numbers in each column represent the total number of units each country could produce if it used all of its resources to produce the good.
-(Scenario: The Production of Wheat and Toys) Look at the scenario Production of Wheat and Toys. If each country specializes in the good for which it has the comparative advantage, then the price of wheat in terms of toys will be:

• A)between two units of toys and one-third unit of toys.
• B)between two units of toys and three units of toys.
• C)three units of toys.
• D)between one-third unit of toys and one-half unit of toys.

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Definitions:

Active-Voice Sentence

A sentence structure where the subject performs the action denoted by the verb, emphasizing the doer of the action.

Organizational Framework

The structured and systematic arrangement of parts or elements within an organization that defines roles, responsibilities, and processes.

Structural Device

Tools or mechanisms used in engineering, architecture, or construction to support and give shape to buildings or structures.

Outline

A general description or plan showing the essential features of something but not the detail.