Solved

Figure 3-5 the Graph Below Represents the Various Combinations of Cars

Question 134

Multiple Choice

Figure 3-5 The graph below represents the various combinations of cars and corn that Country A could produce in a given month. (On the vertical axis, corn is measured in bushels.)
Figure 3-5 The graph below represents the various combinations of cars and corn that Country A could produce in a given month. (On the vertical axis, corn is measured in bushels.)     -Refer to Figure 3-5.Country A would most likely find itself specializing in corn production if it began trading with Country B and A) Country A had an absolute advantage over Country B in producing corn. B) Country B had a comparative advantage over Country A in producing corn. C) Country B faced an opportunity cost of 20 bushels of corn for every additional car that it produced. D) Country B faced an opportunity cost of 40 bushels of corn for every additional car that it produced.
-Refer to Figure 3-5.Country A would most likely find itself specializing in corn production if it began trading with Country B and


A) Country A had an absolute advantage over Country B in producing corn.
B) Country B had a comparative advantage over Country A in producing corn.
C) Country B faced an opportunity cost of 20 bushels of corn for every additional car that it produced.
D) Country B faced an opportunity cost of 40 bushels of corn for every additional car that it produced.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions