Multiple Choice
Table 3.1
Use the data in the table below to answer the following question(s) :
Output per Hour Worked
-Based on Table 3.1,if the world price of computers is four pairs of shoes,then the optimal strategy for each country would be
A) to specialize in shoes.
B) to specialize in computers.
C) for Mexico to specialize in shoes,and the United States in computers.
D) for the United States to specialize in shoes,and Mexico in computers.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: Suppose that Canada can produce 15 timber
Q23: Comparative advantage can change over time.
Q24: Given that Sandy can produce 10 economics
Q47: If a nation is more productive than
Q49: The nation as a whole is better
Q49: If one nation is able to produce
Q51: All of the following are true EXCEPT<br>A)trade
Q52: Table 3.1<br>Use the data in the table
Q53: Certain kinds of tropical fruits are impossible
Q65: A country is likely to be better