The Table Below Shows Units of Wheat and Cloth Produced

question 106

Multiple Choice

The table below shows units of wheat and cloth produced by each worker per day in both the countries. Table 20.1 Refer to Table 20.1.Assume that the U.S.has only two workers and the terms of trade are 2 bushels of wheat per rack of clothing.What would be the gains from trade for the U.S.if it is producing according to its comparative advantage?

• A)2 racks of clothing
• B)2.5 racks of clothing
• C)1.5 racks of clothing
• D)3 racks of clothing
• E)1 rack of clothing

Discuss the protections for employees' rights under just cause standards and through other union-based protections.

Understand the definition and classification of different types of strikes.

Recognize the legal rights and protections afforded to striking workers under the National Labor Relations Act (NLRA).

Distinguish between economic strikes, sympathy strikes, recognition strikes, and illegal strikes.

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Definitions:

Net Sales

The total revenue from sales of goods or services, minus returns, allowances, and discounts.