Figure 34-3
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In Figure 34-3, the solid lines represent the respective production possibilities curves for the United States and Mexico. Which graphs show the correct consumption possibilities curves (dashed lines) after an agreement is reached to trade 1 unit of wheat for 1 unit of petroleum?
A. (1) and (4)
B. (1) and (2)
C. (2) and (3)
D. (3) and (4)
Answer: B
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A) 100 units B) 200 units C) 300 units D) 400 units
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a. credit cards b. commodity money c. goldsmith receipts d. gold bullion e. gold coins