SCENARIO: United States Versus United Kingdom
In the United States, one worker can produce 10 tons of steel per day or
20 tons of chemicals per day.In the United Kingdom, one worker can
Produce 5 tons of steel per day or 15 tons of chemicals per day.
Reference: Ref 211
(Scenario: United States Versus United Kingdom) If trade occurs
Between the United States and the United Kingdom, American firms
Should specialize in producing:
A) steel.
B) chemicals.
C) American firms should specialize in neither steel nor chemicals.
D) American firms should specialize in both steel and chemicals.
Correct Answer:
Verified
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