Based on the above figure, if countries "A" and "B" faced the production possibilities curves above, both countries would benefit if
A) they did not trade.
B) "A" produced industrial goods, and "B" produced agricultural goods.
C) "B" produced industrial goods, and "A" produced agricultural goods.
D) they both produced both industrial and agricultural goods.
B
Economics
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If the supply curve of labor facing a firm is upward sloping, this implies that
a. the firm is unable to hire additional workers b. to hire additional workers, the firm must increase the wage rate c. any number of workers can be hired at a fixed wage d. additional workers can be hired at lower wage rates e. the demand curve for the firm's good must be horizontal
Economics
Other things the same, a higher real exchange rate raises net exports
a. True b. False Indicate whether the statement is true or false
Economics