Table 34-2
?
?
Output per Unit Labor Input
?
England
Portugal
Cloth
20
24
Wine
2
12
Using the data from Table 34-2, suppose England transfers 2 units of labor from wine to cloth and Portugal transfers 1 unit from cloth to wine. The combined production of wine and cloth will be increased by
A. 16 wine, 8 cloth.
B. 16 wine, 16 cloth.
C. 12 wine, 12 cloth.
D. 8 wine, 16 cloth.
Answer: D
Economics
You might also like to view...
In a market without government interference, the price is free to move the equilibrium
a. True b. False Indicate whether the statement is true or false
Economics
If the marginal tax rate is less than the average tax rate, the tax system is
A) progressive. B) proportional. C) regressive. D) flat.
Economics