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Figure 3-9 -Refer to Figure 3-9.If Uzbekistan and Azerbaijan Each Spends All

Question 301

Multiple Choice

Figure 3-9
Figure 3-9 -Refer to Figure 3-9.If Uzbekistan and Azerbaijan each spends all its time producing the good in which it has a comparative advantage and trade takes place at a price of 12 bolts for 36 nails,then A) neither Uzbekistan nor Azerbaijan will gain from this trade. B) Uzbekistan will gain from this trade, but Azerbaijan will not. C) Azerbaijan will gain from this trade, but Uzbekistan will not. D) both Uzbekistan and Azerbaijan will gain from this trade.
-Refer to Figure 3-9.If Uzbekistan and Azerbaijan each spends all its time producing the good in which it has a comparative advantage and trade takes place at a price of 12 bolts for 36 nails,then


A) neither Uzbekistan nor Azerbaijan will gain from this trade.
B) Uzbekistan will gain from this trade, but Azerbaijan will not.
C) Azerbaijan will gain from this trade, but Uzbekistan will not.
D) both Uzbekistan and Azerbaijan will gain from this trade.

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