Multiple Choice
You are the Minister of Trade for a small island country with the following annual PPC: You are negotiating a trade agreement with a neighboring island with the following annual PPC:
Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coconuts to the other island in exchange for 1,300 fish. After the trade, your island has a total of ________ coconuts and ________ fish.
A) 150; 2,800
B) 500; 1,300
C) 150; 1,300
D) 500; 1,500
Correct Answer:

Verified
Correct Answer:
Verified
Q41: Refer to the accompanying table. Based
Q42: Smith and Jones comprise a two-person
Q43: If a nation restricts imports, it will:<br>A)benefit
Q44: Dent 'n' Scratch Used Cars and
Q45: Outsourcing is a term increasingly used to
Q47: Ginger and Maryann are lost in the
Q48: You are the Minister of Trade for
Q49: Which of the following is NOT a
Q50: The benefits of specialization can be used
Q51: Refer to the accompanying figure. The opportunity