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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 9
Suppose that the opportunity-cost ratio for fish and lumber is 1 F = 1 L in Canada but 2 F = 1 L in Iceland. Then _________ should specialize in producing fish while _________ should specialize in producing lumber.
A) Canada; Iceland.
B) Iceland; Canada.
A) Canada; Iceland.
B) Iceland; Canada.
Explanation
Verified
Verified
Hence, the correct answer is b. Iceland;...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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