Table 35.1CountryTons of SoybeansComputerChina100300United States150750Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. The output of computers and soybeans would be greatest if
A. Both countries prohibited trade.
B. China specialized in producing soybeans, and the United States specialized in producing computers.
C. The United States produced both goods and exported them to China.
D. China specialized in producing computers, while the United States specialized in producing soybeans.
Answer: B
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If a program requires people to pay a price that reflects the cost of an externality associated with their actions that they previously did not pay, it will be in their best interest to change their behavior.
Answer the following statement true (T) or false (F)