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Question 263

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Use the following to answer questions :
Scenario: The Production of Wheat and Toys Use the following to answer questions : Scenario: The Production of Wheat and Toys   The table describes the production of two goods, wheat and toys, in country A and country B. Each country has a linear production possibility frontier with respect to its production of the two goods. The numbers in each column represent the total number of units each country could produce if it used all of its resources to produce the good. -(Scenario: The Production of Wheat and Toys)  Look at the scenario Production of Wheat and Toys. If each country specializes in the good for which it has the comparative advantage: A) country A will produce wheat, and country B will produce toys. B) country A will produce both wheat and toys. C) country A will produce toys, and country B will produce wheat. D) country B will produce both wheat and toys. The table describes the production of two goods, wheat and toys, in country A and country B. Each country has a linear production possibility frontier with respect to its production of the two goods. The numbers in each column represent the total number of units each country could produce if it used all of its resources to produce the good.
-(Scenario: The Production of Wheat and Toys) Look at the scenario Production of Wheat and Toys. If each country specializes in the good for which it has the comparative advantage:


A) country A will produce wheat, and country B will produce toys.
B) country A will produce both wheat and toys.
C) country A will produce toys, and country B will produce wheat.
D) country B will produce both wheat and toys.

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