Solved

Consider a World of Two Countries Producing Only Wheat and Cloth.If

Question 71

Multiple Choice

Consider a world of two countries producing only wheat and cloth.If country A uses 1 unit of labour to produce 1 unit of wheat and 2 units of labour to produce 1 unit of cloth,while B uses 3 units of labour per unit of wheat and 4 units of labour per unit of cloth,A should export


A) wheat and cloth,and B should not export anything.
B) wheat,and B should export cloth.
C) nothing,and B should export wheat and cloth.
D) cloth,and B should export wheat.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions