Scenario 34

question 13

Multiple Choice

Scenario 34.1 Suppose labor productivity differences are the only determinants of comparative advantage, and Brazil and Chile both produce only coffee and sugar.In Chile, either 5 units of coffee or 2 units of sugar can be produced in one day.In Brazil, a day of labor produces either 2 units of coffee or 1 unit of sugar.
Refer to Scenario 34.1.What is the opportunity cost of producing coffee in Chile?

• A)Half a pound of sugar
• B)Two-fifth of a pound of sugar
• C)2 pounds of sugar
• D)One-third of a pound of sugar
• E)4 pounds of sugar

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Definitions:

Recognition

The cognitive process of identifying and understanding something previously learned or experienced.

Relearning

The process of learning material or skills again, often more quickly than the first time, after some period of forgetting.

Long-Term Memory

The phase of memory responsible for storing information for an extended period, ranging from a few days to a lifetime.

Sensory Memory

The shortest-term element of memory, which acts as a buffer for stimuli received through the senses, lasting only a fraction of a second.