Multiple Choice
The following data outline production choices (A or B) in two nations, Latalia and Trombonia. Latalia has a workforce of 14 and Trombonia has a workforce of 10.
-Assume that before specialization and trade,each nation devoted half of its workforce to each product.If these two nations fully specialize in accordance with comparative advantage,the total gains from specialization would be:
A) 12 tons of pork and 20 tons of beans
B) 88 tons of pork and 120 tons of beans
C) 100 tons of pork and 100 tons of beans
D) 12 tons of pork and 120 tons of beans
E) 88 tons of pork and 100 tons of beans
Correct Answer:

Verified
Correct Answer:
Verified
Q43: The following data outline production choices
Q44: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2615/.jpg" alt=" -If the economy
Q45: Whether or not a country can export
Q46: According to the theory of comparative advantage,a
Q47: The following are domestic supply and
Q49: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2615/.jpg" alt=" -The effect of
Q50: A worker in Country A can produce
Q51: If country A can produce both products
Q52: According to the concept of comparative advantage,a
Q53: According to Tyler Cowen,the rise in global