Scenario 20

question 36

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.
-Refer to Scenario 20.2.Egypt will be willing to trade corn for cocoa if in the international market 1 bushel of corn can be exchanged for:

• A)more than 1 pound of cocoa.
• B)less than 1 pound of cocoa.
• C)more than 1.5 pounds of cocoa.
• D)less than two-third of a pound of cocoa.
• E)more than half a pound of cocoa.

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Definitions:

Unborn Child

A developing fetus or embryo that has not yet been born, typically in the context of pregnancy.

Rooting Reflex

An innate reflex in newborns that prompts them to turn their head towards a touch on their cheek, facilitating the baby's search for a nipple to begin feeding.

Infant Son

A young male child in the earliest period of life, typically before he can walk or talk.

Cheek

A part of the face that lies below the eye and between the nose and ear, comprising the outer surface of the sides of the oral cavity.