The production possibilities table given below shows how many bushels of either wheat or rice can be produced in India and Canada with 1 unit of input.To achieve gains from specialization: 
A) India should export rice to Canada and import Canadian wheat.
B) India should export wheat to Canada and import Canadian rice.
C) Canada should produce both wheat and rice and not trade with India.
D) India should produce both wheat and rice and not trade with Canada.
Correct Answer:
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Q54: The following is the Production possibilities data
Q55: The data given is for two hypothetical
Q56: Q57: The following is the Production possibilities data Q58: The following information is about the cost Q60: The production possibilities curves below suggest that: Q61: Production possibilities data for Gamma and Sigma.All Q62: Refer to the diagram below in which, Q63: The following information is about the cost Q64: Production possibilities data for Gamma and Sigma.All![]()
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