Suppose that the U.S. can produce either 10 tons of corn or 10 tons of steel using 1 resource unit, and Japan can produce either 2 tons of corn or 10 tons of steel using 1 resource unit. If the U.S. and Japan each use 1 resource unit to produce corn and 1 resource unit to produce steel, what is the total output of corn (U.S. corn + Japanese corn) and steel (U.S. steel + Japanese steel) ?
A) Corn = 10; Steel = 10
B) Corn = 8; Steel = 20
C) Corn = 12; Steel = 20
D) Corn = 2; Steel = 10
Correct Answer:
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