Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can produce ei ther 2 units of corn or 6 units of wheat per year. Each nation has 10 workers. Without trade, Freedonia produces and consumes 30 units of corn and 10 units of wheat per year. Sylvania produces and consumes 10 units of corn and 30 units of wheat. Suppose that trade is then initi ated between the two countries, and Freedonia sends 30 units of corn to Sylvania in exchange for 30 units of wheat. Sylvania will now be able to consume a maximum of
a. 30 units of corn and 30 units of wheat.
b. 40 units of corn and 30 units of wheat.
c. 40 units of corn and 20 units of wheat.
d. 10 unites of corn and 40 units of wheat.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can produce ei ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
k. Starbucks reports Income from Equity Investees in its income Statement. Using the narrative information provided in this case, describe the nature of this type of income.
Answers (1)
Imagine you are using design process to create a new kind of kite. You've researched and explored what other kite designers have done in the past and determined which materials you will use. What should you do next?
Answers (1)
Potential competitors may enter an industry and begin to take market share from existing companies. What would be one of the largest challenges a new entrant would need to overcome to be successful when entering the industry?
Answers (1)
Over the years, Masterson Corp's stockholders have provided $34,000,000 of capital when they purchased new issues of stock and allowed management to retain some of the firm's earnings.
Answers (1)
Joseph cavato is paid $12.96 per hour. during the past week, he worked 46 hours, and he is a covered employee who must be paid for overtime. calculate his gross pay using the overtime premium approach.
Answers (1)
New Questions in Business
In the resource-based model of above-average returns, a capability is: a. an input into a firm's production process. b. the foundation for a firm's mission. c.
Answers (1)
Choose the correct statementA. Total revenue from the sale of a good equals the price of the good multiplied by the quantity sold. B. A rise in price increases total revenue. C. A rise in the price decreases total revenue. D.
Answers (1)
Which describes the purpose of minimum-balance fees? O make sure customers keep sufficient funds in their account collect funds for withdrawals from a competitor's machine pay for the costs of having bank employees penalize customers for writing
Answers (1)
Which event occurs in the large intestine?
Answers (1)
Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,835,000 and sales for the year total $25,690,000. The allowance account before adjustment has a debit balance of $12,500.
Answers (1)