Answer the question on the basis of the accompanying production possibilities tables for two countries, Latalia and Trombonia.
The given data indicate that production in
A) both Latalia and Trombonia are subject to constant opportunity costs.
B) Trombonia is subject to decreasing costs, but production in Latalia occurs under increasing opportunity costs.
C) Latalia is subject to increasing costs, but production in Trombonia occurs under constant opportunity costs.
D) both Latalia and Trombonia are subject to the law of increasing opportunity costs.
Correct Answer:
Verified
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