Suppose That a Worker in Freedonia Can Produce Either 6

question 88

Multiple Choice

Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year,and a worker in Sylvania can produce either 2 units of corn or 6 units of wheat per year.Each nation has 10 workers.Without trade,Freedonia produces and consumes 30 units of corn and 10 units of wheat per year.Sylvania produces and consumes 10 units of corn and 30 units of wheat.Suppose that trade is then initiated between the two countries,and Freedonia sends 30 units of corn to Sylvania in exchange for 30 units of wheat.Sylvania will now be able to consume a maximum of

• A)30 units of corn and 30 units of wheat.
• B)40 units of corn and 30 units of wheat.
• C)40 units of corn and 20 units of wheat.
• D)10 units of corn and 40 units of wheat.

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Definitions:

Warranty Period

The duration in which a manufacturer or seller promises to repair or replace defective products or parts at no additional cost.

Normally Distributed

A term describing a dataset that exhibits the properties of a normal distribution, specifically symmetry around the mean, with a bell-shaped curve where data tails off symmetrically at both ends.

Manufacturer

A company or entity that makes goods for sale by processing raw materials and assembling components, often on a large scale.

Unknown Mean

A parameter of a population that has not been determined.