Multiple Choice
Suppose there are only 2 Nations,A and B,and only two goods,x and y.If Nation A produces only x,it can make 20x per day.If Nation A produces only y,it can make 15y per day.If Nation B produces only x,it can make 15x per day.If Nation B produces only y,it can make 15y per day.After trade begins Nation ________ will specialize in the production of x and Nation ________ will specialize in the production of y.
A) A; A
B) A; B
C) B; B
D) B; A
Correct Answer:

Verified
Correct Answer:
Verified
Q107: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Figure 18.4
Q108: The phenomenon that occurs when an infant
Q109: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Figure 18.1
Q110: Which of the following organizations has over
Q111: Recall the Application about how worldwide trade
Q113: If Cowland can produce milk at a
Q114: Daily Output of Scotland and Poland<br> <img
Q115: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Figure 18.2
Q116: If the opportunity cost of a table
Q117: Import restrictions create an incentive to smuggle.