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Suppose the Nation of Lathania Requires 10 Hours to Produce

Question 20

Multiple Choice

Suppose the nation of Lathania requires 10 hours to produce one washing machine and 4 hours to produce a mobile phone. The nation of Hafnia requires 3 hours to produce a washing machine and 8 hours to produce a mobile phone. It is beneficial if:


A) Lathania imports washing machines from Hafnia.
B) Hafnia exports mobile phones to Lathania.
C) Lathania imposes tariffs on the import of washing machines.
D) Hafnia increases the domestic production of mobile phones.

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