Multiple Choice
Use the following to answer questions: 
-(Figure: The Production Possibility Frontiers for Jackson and Tahoe) Use Figure: The Production Possibility Frontiers for Jackson and Tahoe.In autarky,Jackson produces and consumes 30 head of cattle and 80 kilograms of wheat,while Tahoe produces and consumes 80 head of cattle and 60 kilograms of wheat.Each nation specializes completely,based on comparative advantage,and the price of 1 head of cattle equals the price of 2 kilograms of wheat.If Jackson exports 120 kilograms of wheat to Tahoe,then the new consumption point for Tahoe after trade is _____ kilograms of wheat and _____ head of cattle.
A) 120;140
B) 120;60
C) 60;120
D) 400;200
Correct Answer:
Verified
Correct Answer:
Verified
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