Multiple Choice
Figure 3-19
Chile's Production Possibilities Frontier
Colombia's Production Possibilities Frontier 
-Refer to Figure 3-19.If Chile and Colombia each spends all of its time producing the good in which it has a comparative advantage and the countries agree to trade 7 pounds of coffee for 5 pounds of soybeans,then Chile will consume
A) 7 pounds of coffee and 7 pounds of soybeans and Colombia will consume 5 pounds of coffee and 5 pounds of soybeans.
B) 7 pounds of coffee and 7 pounds of soybeans and Colombia will consume 5 pounds of coffee and 11 pounds of soybeans.
C) 23 pounds of coffee and 7 pounds of soybeans and Colombia will consume 5 pounds of coffee and 5 pounds of soybeans.
D) 23 pounds of coffee and 7 pounds of soybeans and Colombia will consume 5 pounds of coffee and 11 pounds of soybeans.
Correct Answer:
Verified
Correct Answer:
Verified
Q90: Figure 3-14<br>Arturo's Production Possibilities Frontier<br>Dina's Production Possibilities
Q91: Figure 3-21<br>Uzbekistan's Production Possibilities Frontier<br>Azerbaijan's Production Possibilities
Q92: Figure 3-20<br>Canada's Production Possibilities Frontier<br>Mexico's Production Possibilities
Q93: Suppose Jim and Tom can both produce
Q94: Suppose that a worker in Freedonia can
Q96: If labor in Mexico is less productive
Q97: Suppose Susan can wash three windows per
Q98: Figure 3-15<br>Perry's Production Possibilities Frontier<br>Jordan's Production Possibilities
Q99: Suppose that a worker in Cornland can
Q100: Figure 3-15<br>Perry's Production Possibilities Frontier<br>Jordan's Production Possibilities