Consider the no-trade input/output situation presented in the following table and graph for South and North Carolina.Assume that free trade is legal. Input/Output without Trade

country

south carolina north carolina total

I. total potintal output

(lbs. or yard; 000,000s)

guns 500 250 750

butter 1,000 750 1,750

II. consumption

(lbs. or yard; 000,000s)

guns 250 200 450

butter 500 150 650

Which state is better at making guns? A)South Carolina B)North Carolina C)The states are equally good at making guns.

Question

Consider the no-trade input/output situation presented in the following table and graph for South and North Carolina.Assume that free trade is legal. Input/Output without Trade

		country
	south carolina	north carolina	total
I. total potintal output
(lbs. or yard; 000,000s)
guns	500	250	750
butter	1,000	750	1,750
II. consumption
(lbs. or yard; 000,000s)
guns	250	200	450
butter	500	150	650

Which state is better at making guns? A)South Carolina B)North Carolina C)The states are equally good at making guns.

Quizplus · Accepted Answer

South Carolina produces 500 units of guns compared to North Carolina's 250 units, indicating South Carolina is more efficient at making guns.

Consider the No-Trade Input/output Situation Presented in the Following Table