-The figure above shows the production possibilities frontiers for the United Kingdom and France.If the United Kingdom and France specialize and engage in trade,the United Kingdom will produce ________ and France will produce ________.
A) wheat; wheat
B) wheat; fish
C) fish; wheat
D) fish; fish
E) both wheat and fish; both wheat and fish

Question

-The figure above shows the production possibilities frontiers for the United Kingdom and France.If the United Kingdom and France specialize and engage in trade,the United Kingdom will produce ________ and France will produce ________.
A) wheat; wheat 
B) wheat; fish 
C) fish; wheat 
D) fish; fish 
E) both wheat and fish; both wheat and fish

Quizplus · Accepted Answer

The United Kingdom has a comparative advantage in producing fish, while France has a comparative advantage in producing wheat. Therefore, if the two countries specialize and engage in trade, the United Kingdom will produce fish and France will produce wheat.

-The Figure Above Shows the Production Possibilities Frontiers for the United