The following graph shows annual production and consumption possibilities for North Eastwood,a country in which only grapes and bread are consumed. 
-If North Eastwood has a closed economy,the maximum amount of grapes its citizens can consume is __________ tons per year,and the maximum amount of bread its citizens can consume is __________ tons per year.
A) 250;500
B) 350;175
C) 400;200
D) 175;350
E) 500;250.
Correct Answer:
Verified
Q10: The world price is the price at
Q17: Autarky is a situation in which a
Q18: All possible combinations of goods and services
Q19: Consumption possibilities are
A) the quantity of goods
Q20: The consumption possibilities for a closed economy
Q21: The losers from trade are the _
Q24: Producers of imported goods are _ as
Q25: Consumers of imported goods are _ as
Q26: The residents of North Eastwood could increase
Q27: If the world price is less than
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