Figure 3-2
Uzbekistan's Production Possibilities Frontier
Azerbaijan's Production Possibilities Frontier 
-Refer to Figure 3-2.Without trade,Uzbekistan produced and consumed 12 bolts and 36 nails and Azerbaijan produced and consumed 14 bolts and 24 nails.Then,each country agreed to specialize in the production of the good in which it has a comparative advantage and trade 16 bolts for 38 nails.As a result,Uzbekistan gained
A) 2 bolts and 2 nails and Azerbaijan gained 2 bolts and 18 nails.
B) 4 bolts and 2 nails and Azerbaijan gained 2 bolts and 14 nails.
C) 14 bolts and 38 nails and Azerbaijan gained 16 bolts and 42 nails.
D) 16 bolts and 38 nails and Azerbaijan gained 16 bolts and 38 nails.
Correct Answer:
Verified
Q20: Figure 3-1
Peru's Production Possibilities Frontier 
Q21: Figure 3-2
Uzbekistan's Production Possibilities Frontier
Azerbaijan's Production Possibilities
Q21: Specialization and trade are closely linked to
A)absolute
Q29: Table 3-6 Q56: Suppose that a worker in Freedonia can Q136: A production possibilities frontier is bowed outward Q171: Table 3-1 Q175: Table 3-1 Q178: Table 3-1 Q356: Adam Smith asserted that a person should
Assume that Andia and Zardia can
Assume that Andia and Zardia can
Assume that Andia and Zardia can
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