Multiple Choice
(Figure: Upperia's Production and Consumption) The graph shows Upperia's international trading pattern. Point P is production with trade, and point C is consumption with trade. Assume that the marginal product of labor in producing shoes is one pair per hour. How many hours of labor occur in Upperia?
A) 125
B) 100
C) 80
D) 65
Correct Answer:

Verified
Correct Answer:
Verified
Q108: In the United States, one worker can
Q109: The Ricardian model (with constant opportunity costs)
Q110: (Figure: International Trade Equilibrium) Before trade, how
Q111: Home has a comparative advantage in wheat,
Q112: Because the PPF is a straight line
Q114: Assume that Germany and China can produce
Q115: Production possibilities frontiers in the Ricardian model:<br>A)
Q116: Poland requires 4 hours of labor to
Q117: For China, the result of opening its
Q118: Assume that two countries (Home and Foreign)