Scenario 20

question 110

Multiple Choice

Scenario 20.2 Suppose labor productivity differences are the only determinants of comparative advantage,and both Egypt and produce only corn and cocoa.In Egypt,10 bushels of corn or 15 pounds of cocoa can be produced in a day.In Ghana,one day of labor can be used to produce either 2 bushels of corn or 8 pounds of cocoa.
-Based on Scenario 20.2,which of the following terms of trade would benefit both countries?

• A)1 pound of cocoa is equal to 0.10 bushels of corn
• B)1 pound of cocoa is equal to 2 bushels of corn
• C)1 pound of cocoa is equal to 1 bushels of corn
• D)1 pound of cocoa is equal to 0.5 bushels of corn
• E)1 pound of cocoa is equal to 1.5 bushels of corn

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Definitions:

Social Empathy

The ability to understand and share the feelings of others within a societal context, fostering a sense of connection and compassion.

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires, considered a key component of emotional intelligence.

Extroversion

A personality trait characterized by outgoingness, high energy, and engagement with the external environment.

Dispositional Component

refers to aspects of a person's inherent qualities of mind and character that influence their behavior and responses.