Solved

In the United States, One Worker Can Produce 10 Tons

Question 173

Multiple Choice

In the United States, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. In the United Kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. The United Kingdom will gain the most from trade (and trade will be feasible) if 1 ton of steel trades for:


A) 2 tons of chemicals.
B) 3 tons of chemicals.
C) 1.5 tons of chemicals.
D) 0.5 ton of chemicals.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions