The productivity table given below shows how many bushels of either wheat or rice can be produced in India and Canada with 1 unit of input. To achieve gains from specialization and trade: 
A) India should export rice to Canada and import Canadian wheat
B) India should export wheat to Canada and import Canadian rice
C) Canada should produce both wheat and rice and not trade with India
D) India cannot offer any benefits to Canada from trading with her
Correct Answer:
Verified
Q27: Specialization and trade based on comparative advantage
Q29: The table below shows the output (either
Q30: Nation Alpha can produce employing all its
Q31: The table below shows labor-productivity figures in
Q33: The domestic opportunity cost of producing a
Q34: In a two-nation world, comparative advantage in
Q35: If Countries A and B produce only
Q36: The table below shows the output (either
Q37: In a two-nation, two-good world, which of
Q184: The domestic opportunity cost of producing 100
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