Assume That Two Countries (Home and Foreign) Each Produce Two

question 118

Multiple Choice

Assume that two countries (Home and Foreign) each produce two goods (corn and wheat) under constant cost production. Home produces 0.5 ton of corn or 1 ton of wheat with a day of labor. Without trade (in autarky) , Home's daily production is 20 tons of wheat and 10 tons of corn. What is Home's price of corn in autarky?

• A) 0.5 ton of wheat
• B) 20 tons of wheat
• C) 10 tons of wheat
• D) 2 tons of wheat

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Definitions:

Sugars

Sweet-tasting, soluble carbohydrates, essential for energy source in living organisms, and come in various forms including glucose, fructose, and sucrose, commonly found in fruits, vegetables, and honey.

Transmembrane Proteins

Proteins that span the entire membrane of a cell and are involved in a variety of cellular processes including signaling, transport, and enzymatic activities.

Lipid Bilayer

A thin polar membrane made of two layers of lipid molecules, fundamental to the structure of cell membranes.

Hydrophobic

Describing molecules or substances that do not mix with or repel water.