Figure 3-9

-Refer to Figure 3-9.Uzbekistan should specialize in the production of
A) bolts and import nails.
B) nails and import bolts.
C) both goods and import neither good.
D) neither good and import both goods.

Question

Figure 3-9
 
-Refer to Figure 3-9.Uzbekistan should specialize in the production of
A) bolts and import nails. 
B) nails and import bolts. 
C) both goods and import neither good. 
D) neither good and import both goods.

Quizplus · Accepted Answer

Uzbekistan should specialize in the production of bolts if it has a comparative advantage in producing bolts over nails, meaning it can produce bolts at a lower opportunity cost than nails.

Figure 3-9 -Refer to Figure 3-9.Uzbekistan Should Specialize in the Production of in the Production