The following is the Production possibilities tables for two countries, Latalia and Trombonia: Latalia's production possibilities Refer to the above tables.In Latalia the domestic real cost of 1 ton of pork:

Question

The following is the Production possibilities tables for two countries, Latalia and Trombonia: Latalia's production possibilities  Refer to the above tables.In Latalia the domestic real cost of 1 ton of pork:

Quizplus · Accepted Answer

To produce one ton of pork, Latalia must give up 5 tons of beans, which is the domestic real cost of pork production. Therefore, the best choice for Latalia depends on the relative value of pork and beans in domestic markets and international trade.

The Following Is the Production Possibilities Tables for Two Countries