Question
Suppose a worker in Peru can produce 16 lamps or 9 dressers in a day and a worker in Canada can produce 12 lamps or
Suppose a worker in Peru can produce 16 lamps or 9 dressers in a day and a worker in Canada can produce 12 lamps or 5 dressers in a day. In order for trade to benefit both countries, a lamp would have to trade for between _______ and ______ dressers.
Group of answer choices
5/12; 9/16
16/9; 12/5
9/16; 12/5
5/12; 16/9
Suppose a worker in France can produce 6 loaves of bread or 5 shirts in a day and a worker in Germany can produce 9 loaves of bread or 7 shirts in a day. The opportunity cost of shirts in Germany is _____ loaves of bread.
Group of answer choices
6/5
5/6
9/7
7/9
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