Production Possibility Schedules for Two South Pacific Island Nations Which of the following statements is true?
A) Gains from trade are possible for both countries.
B) Only Kiribati will benefit from trade with Tuvalu.
C) Only Tuvalu will benefit from trade with Kiribati.
D) No gains from trade are possible for either Kiribati or Tuvalu.

Question

Production Possibility Schedules for Two South Pacific Island Nations  Which of the following statements is true?
A) Gains from trade are possible for both countries. 
B) Only Kiribati will benefit from trade with Tuvalu. 
C) Only Tuvalu will benefit from trade with Kiribati. 
D) No gains from trade are possible for either Kiribati or Tuvalu.

Quizplus · Accepted Answer

The Answer of Production Possibility Schedules for Two South Pacific Island Nations  Which of the following statements is true?
A) Gains from trade are possible for both countries. 
B) Only Kiribati will benefit from trade with Tuvalu. 
C) Only Tuvalu will benefit from trade with Kiribati. 
D) No gains from trade are possible for either Kiribati or Tuvalu.