The following shows the Production possibilities tables for two countries,Latalia and Trombonia:

-Refer to the above tables.Assume that before specialization and trade,Latalia produced combination C and Trombonia produced combination B.If these two nations now specialize completely in accordance with comparative advantage,the total gains from specialization and trade will be:
A) 4 tons of beans.
B) 1 ton of pork and 2 tons of beans.
C) 4 tons of pork.
D) 2 tons of pork and 4 tons of beans.
Correct Answer:
Verified
Q25: Nations Quirk and Turk can produce aluminum
Q26: The graph below shows the production possibility
Q27: The following is the Production possibilities data
Q29: Q30: The production possibilities table given below shows Q31: The data embodied in the below diagrams Q32: Given the following production possibilities schedules,it can Q33: The production possibilities curves below suggest that: Q63: Assume that by devoting all of its Q81: If a nation has a comparative advantage![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents