Solved

In Artland,the Opportunity Cost of Producing 1 Tonne of Wheat

Question 29

Multiple Choice

In Artland,the opportunity cost of producing 1 tonne of wheat is 2 tonnes of corn,while in Scienceland,the opportunity cost of producing 2 tonnes of wheat is 3 tonnes of corn.What action would leave both countries better off?


A) Artland sells 4 tonnes of wheat to Scienceland in return for 7 tonnes of corn.
B) Artland sells 4 tonnes of wheat to Scienceland in return for 10 tonnes of corn.
C) Scienceland sells 4 tonnes of wheat to Artland in return for 4 tonnes of corn.
D) Scienceland sells 4 tonnes of wheat to Artland in return for 7 tonnes of corn.

Correct Answer:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents