Consider two countries,labeled 1 and 2.If each has the production function
,i = 1,2,the only difference between the two countries is that
)
A)Country 2 will not produce anything,ceteris paribus.
B)Country 2 will produce more than Country 1,ceteris paribus.
C)Country 1 will produce more than Country 2,ceteris paribus.
D)Each will produce the same amount,ceteris paribus.
E)Not enough information is given.

Question

Consider two countries,labeled 1 and 2.If each has the production function 
,i = 1,2,the only difference between the two countries is that 
)
A)Country 2 will not produce anything,ceteris paribus. 
B)Country 2 will produce more than Country 1,ceteris paribus. 
C)Country 1 will produce more than Country 2,ceteris paribus. 
D)Each will produce the same amount,ceteris paribus. 
E)Not enough information is given.

Quizplus · Accepted Answer

The Answer of Consider two countries,labeled 1 and 2.If each has the production function 
,i = 1,2,the only difference between the two countries is that 
)
A)Country 2 will not produce anything,ceteris paribus. 
B)Country 2 will produce more than Country 1,ceteris paribus. 
C)Country 1 will produce more than Country 2,ceteris paribus. 
D)Each will produce the same amount,ceteris paribus. 
E)Not enough information is given.

Consider Two Countries,labeled 1 and 2