Multiple Choice
Figure 3-20
Canada's Production Possibilities Frontier
Mexico's Production Possibilities Frontier
-Refer to Figure 3-20.At which of the following prices would both Canada and Mexico gain from trade with each other?
A) 9 units of Good Y for 6 units of Good X
B) 8 units of Good Y for 20 units of Good X
C) 70 units of Good Y for 30 units of Good X
D) Canada and Mexico could not both gain from trade with each other at any price.
Correct Answer:

Verified
Correct Answer:
Verified
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