Solved

Exhibit 21-3 Potatoes and Wheat Output (Tons Per Day) If Each Nation in Exhibit 21-3 Specializes in Producing the

Question 21

Multiple Choice

Exhibit 21-3 Potatoes and wheat output (tons per day)  Country  Potatoes  Wheat  United States 42 Ireland 31\begin{array} { | l | c | c | } \hline \text { Country } & \text { Potatoes } & \text { Wheat } \\\hline \text { United States } & 4 & 2 \\\text { Ireland } & 3 & 1 \\\hline\end{array} If each nation in Exhibit 21-3 specializes in producing the good for which it has a comparative advantage, then:


A) Ireland would produce neither potatoes or wheat.
B) the United States would produce both potatoes and wheat.
C) the United States would produce potatoes.
D) Ireland would produce potatoes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents