Compared to their initial positions at points A and B, as a result of complete specialization and trade, the output of the two countries added together in Figure 35.1 would result in an increase in
A. Neither DVD players nor motorcycles.
B. Motorcycles only.
C. DVD players only.
D. Both DVD players and motorcycles.
Answer: B
Economics
You might also like to view...
When the Fed sells bonds, the quantity of reserves in the banking system declines and the money supply decreases.
a. true b. false
Economics
The rate at which one good can be converted technologically into another is called
A) the marginal rate of transformation. B) the marginal rate of substitution. C) the marginal product of labor. D) the rate of conversion.
Economics