The following production possibilities schedule shows the quantities of wheat and rice that can each be produced in Canada and India with one unit of equivalent resources.
TABLE 32-2 Refer to Table 32-2.If Canada were to transfer one unit of resources from rice to wheat production and if one unit of Indian resources were switched from wheat to rice production,
A) total rice production would increase by 8 bushels.
B) total wheat production would increase by 13 bushels.
C) total rice production would increase by 13 bushels.
D) total wheat production would increase by 8 bushels.
E) both total wheat and total rice production would go up by 13 bushels.
Correct Answer:
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Q45: The following production possibilities schedule shows the
Q46: The following production possibilities schedule shows the
Q47: The following production possibilities schedule shows the
Q48: The following production possibilities schedule shows the
Q49: The following production possibilities schedule shows the
Q51: This table shows how much cotton and
Q52: The following production possibilities schedule shows the
Q53: The following production possibilities schedule shows the
Q54: This table shows how much cotton and
Q55: The following production possibilities schedule shows the
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