Answer the next question based on the data provided in the tables below regarding the production possibilities for rice and corn for two hypothetical nations, Wat and Xat. Wat's Production Possibilities ABCDEFRice7506004503001500Corn050100150200250Xat's Production Possibilities ABCDEFRice2,5002,0001,5001,0005000Corn0100200300400500The mutually beneficial terms of trade will be
A. between 3 and 5 units of rice for 1 unit of corn.
B. greater than 6 units of rice for 1 unit of corn.
C. between 3 and 5 units of corn for 1 unit of rice.
D. less than 2 units of rice for 1 unit of corn.
Answer: A
Economics
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Based on the table showing a summary of fiscal tools, contractionary policy ______.
a. is used to increase aggregate demand
b. is used to fight inflation
c. uses tax decreases
d. increases government purchases
Economics