Multiple Choice
-Refer to the above table. If opportunity costs are constant and both countries produce only the goods for which they have comparative advantages and then trade, hourly world output would equal
A) 4 units of product A and 4 units of product B.
B) 8 units of product A and 4 units of product B.
C) 8 units of product A and 8 units of product B.
D) 12 units of product A and 8 units of product B.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: If it costs a firm $10 to
Q114: Specialization and international trade lead to<br>A) an
Q132: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5016/.jpg" alt=" -Refer to the
Q150: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q153: If in the long run, imports are
Q160: A tariff is<br>A) a government-imposed restriction on
Q163: Restrictions on imports<br>A) eventually reduce exports, too.<br>B)
Q219: Which of the reasons given for tariff
Q225: Assume that maximum feasible hourly productions levels
Q279: A group of nations that grants member