Suppose that a worker in Country A can make either 10 iPhones or 5 iPads each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPhones or 10 iPads each year. Country B has 200 workers. Country A would be using resources efficiently if it was producing:
A) (500 iPhones, 100 iPads) .
B) (500 iPhones, 150 iPads) .
C) (500 iPhones, 200 iPads) .
D) (500 iPhones, 250 iPads) .
Correct Answer:
Verified
Q38: If we consider the reality that each
Q39: Q40: Which of the following statements about trade Q41: Assume that the opportunity cost for Germany
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents