Multiple Choice
Table 3-7
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
-Refer to Table 3-7.Assume that Japan and Korea each has 2400 hours available.Originally,each country divided its time equally between the production of cars and airplanes.Now,each country spends all its time producing the good in which it has a comparative advantage.As a result,the total output of cars increased by
A) 16.
B) 40.
C) 64.
D) 80.
Correct Answer:

Verified
Correct Answer:
Verified
Q43: Figure 3-1<br>Panel (a)<br>Panel (b) <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure
Q109: If Iowa's opportunity cost of corn is
Q368: Table 3-14<br>The following table contains some production
Q369: Table 3-4<br>Assume that the farmer and the
Q371: Table 3-17<br>US and French Production Opportunities<br> <img
Q372: The only two countries in the world,Alpha
Q374: Table 3-8<br>Assume that Huang and Min can
Q375: Figure 3-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 3-7
Q376: Figure 3-2<br>Peru's Production Possibilities Frontier<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg"
Q377: Table 3-7<br>Assume that Japan and Korea can