Exhibit
Alpha can produce either 18 tons of oranges or 9 tons of apples in a year, while Omega can produce either 16 tons of oranges or 4 tons of apples.
-Refer to Exhibit. Which of the following exchange rates between apples and oranges would allow both Alpha and Omega to gain by specialization and exchange?
A) 1 ton of apples for 3 tons of oranges
B) 3 tons of apples for 3 tons of oranges
C) 2 tons of apples for 3 tons of oranges
D) 1 ton of oranges for 0.2 tons of apples
Correct Answer:
Verified
Q1: Exhibit
Alpha can produce either 18 tons of
Q3: Exhibit
Alpha can produce either 18 tons of
Q4: Exhibit
Karl can produce either 10 tons of
Q5: Exhibit
Karl can produce either 10 tons of
Q6: Exhibit
Karl can produce either 10 tons of
Q7: Exhibit
Karl can produce either 10 tons of
Q8: Exhibit
Karl can produce either 10 tons of
Q9: If the United States could produce 1
Q10: Exhibit
Alternate Outputs from One Day's Labor Input:
United
Q11: Increased number of divorce couples and the
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