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Refer to the Given Diagram, in Which Line AB Is

Question 258

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Refer to the given diagram, in which line AB is the U.S. production possibilities curve and AC is its trading possibilities curve. We can conclude that the United States A) has chosen to specialize in the production of cheese. B) has chosen to specialize in the production of beef. C) has decided to trade beef for cheese. D) is relatively more efficient than its trading partners in producing both cheese and beef. Refer to the given diagram, in which line AB is the U.S. production possibilities curve and AC is its trading possibilities curve. We can conclude that the United States


A) has chosen to specialize in the production of cheese.
B) has chosen to specialize in the production of beef.
C) has decided to trade beef for cheese.
D) is relatively more efficient than its trading partners in producing both cheese and beef.

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