Solved

Figure 3-21 Uzbekistan's Production Possibilities Frontier

Question 3

Multiple Choice

Figure 3-21
Uzbekistan's Production Possibilities Frontier
Azerbaijan's Production Possibilities Frontier Figure 3-21 Uzbekistan's Production Possibilities Frontier Azerbaijan's Production Possibilities Frontier     -Refer to Figure 3-21.If Uzbekistan and Azerbaijan each spends all its time producing the good in which it has a comparative advantage and trade takes place at a price of 12 bolts for 36 nails,then A) neither Uzbekistan nor Azerbaijan will gain from this trade. B) Uzbekistan will gain from this trade,but Azerbaijan will not. C) Azerbaijan will gain from this trade,but Uzbekistan will not. D) both Uzbekistan and Azerbaijan will gain from this trade. Figure 3-21 Uzbekistan's Production Possibilities Frontier Azerbaijan's Production Possibilities Frontier     -Refer to Figure 3-21.If Uzbekistan and Azerbaijan each spends all its time producing the good in which it has a comparative advantage and trade takes place at a price of 12 bolts for 36 nails,then A) neither Uzbekistan nor Azerbaijan will gain from this trade. B) Uzbekistan will gain from this trade,but Azerbaijan will not. C) Azerbaijan will gain from this trade,but Uzbekistan will not. D) both Uzbekistan and Azerbaijan will gain from this trade.
-Refer to Figure 3-21.If Uzbekistan and Azerbaijan each spends all its time producing the good in which it has a comparative advantage and trade takes place at a price of 12 bolts for 36 nails,then


A) neither Uzbekistan nor Azerbaijan will gain from this trade.
B) Uzbekistan will gain from this trade,but Azerbaijan will not.
C) Azerbaijan will gain from this trade,but Uzbekistan will not.
D) both Uzbekistan and Azerbaijan will gain from this trade.

Correct Answer:

verifed

Verified

Related Questions