Multiple Choice
Table 3-21
Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. The following table shows the number of coolers or number of radios each country can produce in one day.
-Refer to Table 3-21. Jamaica and Norway would not be able to gain from trade if Norway's opportunity cost of one radio changed to
A) 0 coolers.
B) 1 cooler.
C) 2 coolers.
D) Jamaica and Norway can always gain from trade regardless of their opportunity costs.
Correct Answer:

Verified
Correct Answer:
Verified
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