Solved

Table 1 Shows the Units of Output a Worker Can

Question 37

Multiple Choice

Table 1 shows the units of output a worker can produce per month in South Africa and Namibia.
 Fond  Electranics  South Africa 205 Narmibia 82\begin{array} { | l | c | c | } \hline & \text { Fond } & \text { Electranics } \\\hline \text { South Africa } & 20 & 5 \\\hline \text { Narmibia } & 8 & 2 \\\hline\end{array}
-Refer to Table 1. Prices of electronics can be stated in terms of units of food. What is the range of prices of electronics for which both countries could gain from trade? The price must be greater than:


A) 1/5 of a unit of food but less than 1/4 of a unit of food.
B) 4 units of food but less than 5 units of food.
C) 1/4 of a unit of food but less than 1/2 of a unit of food.
D) 2 units of food but less than 4 units of food.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions