Multiple Choice
Country A's cost of widgets is $4.00 and cost of wadgets is $8.00. Country B's cost of widgets is 8 euros and cost of wadgets is 16 euros. Which of the following would you suggest?
A) Country A should specialize in widgets and Country B in wadgets.
B) Trade of widgets for wadgets would not benefit the countries.
C) Country A should specialize in wadgets and Country B in widgets.
D) Both countries should produce an equal amount of each.
Correct Answer:
Verified
Correct Answer:
Verified
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