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(Figure: Gadgets and Widgets) According to the Graph, Which Statement

Question 187

Multiple Choice

(Figure: Gadgets and Widgets) According to the graph, which statement is correct? (Figure: Gadgets and Widgets) According to the graph, which statement is correct? A) Total output would rise if country A specialized in gadgets and country B specialized in widgets. B) Total output would rise if country B specialized in gadgets and country A specialized in widgets. C) Total output would fall if country B specialized in gadgets and country A specialized in widgets. D) There are no gains from trade.


A) Total output would rise if country A specialized in gadgets and country B specialized in widgets.
B) Total output would rise if country B specialized in gadgets and country A specialized in widgets.
C) Total output would fall if country B specialized in gadgets and country A specialized in widgets.
D) There are no gains from trade.

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