Multiple Choice
Table 3-38
-Refer to Table 3-38. Iowa and Nebraska can both produce corn and soybeans, and can switch between the production of corn and soybeans at a constant rate. The table illustrates the amount of corn and soybeans each state can produce in one growing season. From this table, we can conclude that Iowa should specialize in the production of
A) both goods and Nebraska should specialize in the production of neither good.
B) neither good and Iowa should specialize in the production of both goods.
C) corn and Nebraska should specialize in the production of soybeans.
D) soybeans and Nebraska should specialize in the production of corn.
Correct Answer:

Verified
Correct Answer:
Verified
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