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    Principles of Microeconomics
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    Exam 2: Production Possibilities and Opportunity Costs
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    Exhibit B-1 Below Shows the Quantity of Thing-A-Ma-Jigs or Truffala
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Exhibit B-1 Below Shows the Quantity of Thing-A-Ma-Jigs or Truffala

Question 37

Question 37

True/False

Exhibit B-1 below shows the quantity of thing-a-ma-jigs or truffala fruit that can be produced by each country, if all of its resources are devoted to that product.
Exhibit B-1 below shows the quantity of thing-a-ma-jigs or truffala fruit that can be produced by each country, if all of its resources are devoted to that product.    -Trade is not possible because Barbootland has an absolute advantage in the production of both goods.
-Trade is not possible because Barbootland has an absolute advantage in the production of both goods.

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