In the United States, One Worker Can Produce 10 Tons

question 173

Multiple Choice

In the United States, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. In the United Kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. The United Kingdom will gain the most from trade (and trade will be feasible) if 1 ton of steel trades for:

• A) 2 tons of chemicals.
• B) 3 tons of chemicals.
• C) 1.5 tons of chemicals.
• D) 0.5 ton of chemicals.

Differentiate between developed and developing countries based on demographic indicators.

Analyze the relationship between literacy rates and infant mortality.

Compare crude birth and death rates across various countries.

Assess the impact of geography on population characteristics.

---

Definitions:

Golden Parachutes

Payments made to executives who are forced out when a merger takes place.

Common Share Price

The market value of a single share of a company's common stock, reflecting what investors are willing to pay for it on the stock exchange.

Merger Offer

A proposal by one company to combine its operations with another company's operations, usually through the acquisition of stock.

Significant Gains

Large positive changes in the financial or operational performance of a company.