Country A currently produces three trucks with one unit of resources and five railroad cars with a second unit of resources. Country B currently produces four trucks with one unit of resources and four railroad cars with a second unit of resources. Which of the following statements is true?
A) The current total output is the largest possible, even with specialization.
B) The total output of trucks and railroad cars would go up if Country A specialized in trucks and Country B specialized in railroad cars.
C) The total output of trucks and railroad cars would go up if Country A specialized in railroad cars and Country B specialized in trucks.
D) None of the above is true.
Correct Answer:
Verified
Q44: Q45: Country A currently produces ten CD players Q46: Country A currently produces ten CD players Q47: Country C currently produces 14 boxes of Q48: Country C currently produces 14 boxes of Q50: Use the following table showing production possibilities Q51: Use the following table showing production possibilities Q52: Use the following table showing production possibilities Q53: Use the following table showing production possibilities Q54: Use the following table showing production possibilities
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