Solved

The Figure Given Below Shows the Post-Trade Production and Consumption

Question 26

Multiple Choice

The figure given below shows the post-trade production and consumption points in country Y. AB is the production-possibility curve of country Y. I1 is the community indifference curve of country Y. Country Y exports: The figure given below shows the post-trade production and consumption points in country Y. AB is the production-possibility curve of country Y. I<sub>1</sub> is the community indifference curve of country Y. Country Y exports: A) 50 gallons of wine. B) 60 pounds of cheese. C) 40 gallons of wine. D) 20 pound of cheese.


A) 50 gallons of wine.
B) 60 pounds of cheese.
C) 40 gallons of wine.
D) 20 pound of cheese.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q21: The figure given below shows the production-possibility

Q22: Assume a two-country two-good two-input model. Let

Q23: In a two-country two-good model, the opening

Q24: Assume a two-country two-good two-input model where

Q25: Assume a two-country two-good two-input model where

Q27: Assume a two-country two-good two-input model where

Q28: As a country moves up along its

Q29: In the figure given below AB is

Q30: The table given below shows the

Q31: Assume a two-country two-good two-input model where