The total number of workers in two different countries are equal. However, each worker in Country A is three times more productive than a worker in Country B. Which of the following is true in this case?
A) The capital stock in Country B is three times more than the capital stock in Country A.
B) The total efficiency units of labor in Country A is three times more than the total efficiency units of labor in Country B.
C) The total efficiency units of labor in Country A is one-third of the total efficiency units of labor in Country B.
D) The total efficiency units of labor in Country B is six times more than the total efficiency units of labor in Country B.
B
You might also like to view...
What is meant by the term "human capital"?
What will be an ideal response?
International trade is restricted because
A) there is an uneven distribution of benefits and costs of free trade. B) free trade creates an inefficient use of resources. C) free trade leads to higher costs. D) free trade stifles diversity and stability.
Use the above figure. Which graph depicts an inferior good?
A. A B. B C. C D. D
In Figure 33.1, at the market wage, the producer surplus is 
A. BWminEF. B. WminAE. C. BW*C. D. W*AC.