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You Are the Minister of Trade for a Small Island

Question 100

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You are the Minister of Trade for a small island country in the South Pacific with the following annual production possibilities curve: You are the Minister of Trade for a small island country in the South Pacific with the following annual production possibilities curve: You are negotiating a deal with a neighboring island that has the following annual PPC: Refer to the figure above.Both islands specialize exclusively in the product for which they have a comparative advantage.You have agreed to sell the other island 350 coconuts in exchange for 1,300 fish.After the trade your island has a total of _____ coconuts and _____ fish. A) 150;2,800 B) 500;1,300 C) 150;1,300 D) 500;1,500
You are negotiating a deal with a neighboring island that has the following annual PPC: You are the Minister of Trade for a small island country in the South Pacific with the following annual production possibilities curve: You are negotiating a deal with a neighboring island that has the following annual PPC: Refer to the figure above.Both islands specialize exclusively in the product for which they have a comparative advantage.You have agreed to sell the other island 350 coconuts in exchange for 1,300 fish.After the trade your island has a total of _____ coconuts and _____ fish. A) 150;2,800 B) 500;1,300 C) 150;1,300 D) 500;1,500
Refer to the figure above.Both islands specialize exclusively in the product for which they have a comparative advantage.You have agreed to sell the other island 350 coconuts in exchange for 1,300 fish.After the trade your island has a total of _____ coconuts and _____ fish.


A) 150;2,800
B) 500;1,300
C) 150;1,300
D) 500;1,500

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