Multiple Choice
The following shows the Production possibilities tables for two countries,Latalia and Trombonia:
-Refer to the above tables.Assume that before specialization and trade,Latalia produced combination C and Trombonia produced combination B.If these two nations now specialize completely in accordance with comparative advantage,the total gains from specialization and trade will be:
A) 4 tons of beans.
B) 1 ton of pork and 2 tons of beans.
C) 4 tons of pork.
D) 2 tons of pork and 4 tons of beans.
Correct Answer:
Verified
Correct Answer:
Verified
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