The table given below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the Rest of the World per labor hour. If the U.K. and the Rest of the World begin to trade with each other, the international price of corn will lie between _____ and _____. $$\begin{array} { l c c }
\hline\text { Productivity } & \text { In the United Kingdorn } & \text { In the Rest of the World } \
\hline \text { Umbrellas per labor hour } & 0.25 & 1 \
\text { Bushels of corn per labor hour } & 0.5 & 0.67\\hline
\end{array}$$
A)2/3 of an umbrella per bushel of corn; 3 umbrellas per bushel of corn
B)2/3 of an umbrella per bushel of corn; 3/2 umbrellas per bushel of corn
C)1/2 of an umbrella per bushel of corn; 3/2 of an umbrella per bushel of corn
D)3/2 umbrellas per bushel of corn; 3 umbrellas per bushel of corn

Question

The table given below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the Rest of the World per labor hour. If the U.K. and the Rest of the World begin to trade with each other, the international price of corn will lie between _____ and _____. $$\begin{array} { l c c } 
\hline\text { Productivity } & \text { In the United Kingdorn } & \text { In the Rest of the World } \
\hline \text { Umbrellas per labor hour } & 0.25 & 1 \
\text { Bushels of corn per labor hour } & 0.5 & 0.67\\hline
\end{array}$$
A)2/3 of an umbrella per bushel of corn; 3 umbrellas per bushel of corn
B)2/3 of an umbrella per bushel of corn; 3/2 umbrellas per bushel of corn
C)1/2 of an umbrella per bushel of corn; 3/2 of an umbrella per bushel of corn
D)3/2 umbrellas per bushel of corn; 3 umbrellas per bushel of corn

Quizplus · Accepted Answer

The Answer of The table given below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the Rest of the World per labor hour. If the U.K. and the Rest of the World begin to trade with each other, the international price of corn will lie between _____ and _____. $$\begin{array} { l c c } 
\hline\text { Productivity } & \text { In the United Kingdorn } & \text { In the Rest of the World } \
\hline \text { Umbrellas per labor hour } & 0.25 & 1 \
\text { Bushels of corn per labor hour } & 0.5 & 0.67\\hline
\end{array}$$
A)2/3 of an umbrella per bushel of corn; 3 umbrellas per bushel of corn
B)2/3 of an umbrella per bushel of corn; 3/2 umbrellas per bushel of corn
C)1/2 of an umbrella per bushel of corn; 3/2 of an umbrella per bushel of corn
D)3/2 umbrellas per bushel of corn; 3 umbrellas per bushel of corn

The Table Given Below Shows the Number of Umbrellas and Bushels