The Figure Given Below Shows the Production-Possibility Curves of Canada

Multiple Choice

The figure given below shows the production-possibility curves of Canada (AB) and the Rest of the World (CD) . The pre-trade price ratio in Canada and the Rest of the World are given by the lines P₁ and P₃ respectively. The international price ratio faced by the countries is represented by the line P₂. I?₁ and I₂ are the pre-trade and post-trade social indifference curves for both Canada and the Rest of the World respectively. Before Canada entered into a trade with the rest of the world, the total amount of cotton produced in the world was _____ bales and the total amount of wheat produced in the world was _____ bushels.

A) 24; 19
B) 24; 16
C) 19; 24
D) 18; 24