Suppose a worker in Argentina can produce either 20 units of cloth or 2 bottles of wine per day, while a worker in Chile can produce either 24 units of cloth or 12 bottles of wine per day. If Argentina transfers 2 units of labor from wine to cloth and Chile transfers 1 unit of labor from cloth to wine, the combined output will be:
a. 16 bottles of wine and 8 units of cloth.
b. 16 bottles of wine and 16 units of cloth.
c. 12 bottles of wine and 12 units of cloth.
d. 8 bottles of wine and 16 units of cloth.
d
Economics
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Refer to Table 21.1. What is the mean income on Richlandia?
A) $40,000 B) $69,000 C) $75,000 D) $85,000
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