Use the following to answer questions
Figure: Ships and Autos in Countries A and B
-(Figure: Ships and Autos in Countries A and B) Two countries manufacture automobiles and ships.Based on the graphs,which statement is correct?
A) The opportunity cost in Country A of producing 1 ship is 2 cars.
B) The opportunity cost in Country B of producing 1 ship is 10 cars.
C) Country B is more efficient at ship building.
D) Both countries are equally efficient at ship building because the PPFs are linear.
Correct Answer:
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Q186: Use the following to answer questions
Figure:
Q187: The United States can grow wheat more
Q189: If a country has few resources:
A) trade
Q190: Use the following to answer questions
Figure:
Q192: Comparative advantage exists when one country can
Q193: Comparative advantage arises because:
A) all resources are
Q194: Suppose that if the United States produced
Q196: Use the following to answer questions
Figure:
Q205: Two countries will benefit from trade if
A)
Q211: The law of comparative advantage suggests that
A)
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