Multiple Choice
With 24 units of labor and no trade Brazil produces and consumes eight units of sugar cane and two iPods. Sugar cane costs $50/unit, and iPods cost $200. After specialization and trade, Brazil consumes eight units of sugar cane and four iPods. What are wages in Brazil?
A) $33 without trade and $50 with trade
B) $50 without trade and $75 with trade
C) $50 without trade and $33 with trade
D) $33 without trade and $75 with trade
Correct Answer:

Verified
Correct Answer:
Verified
Q26: If it was impossible to have a
Q29: Anita is a wonderful baker and can
Q59: Comparative advantage is determined by which of
Q163: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" Reference: Ref 2-6
Q164: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" Reference: Ref 2-2
Q166: If a country's domestic price of a
Q166: In a two-country world of Japan and
Q167: According to the textbook, the reason why
Q169: Division of knowledge refers to:<br>A) dividing tasks
Q171: Which of the following best explains the