Anna and Maria produce shirts and ties. The figure above shows Anna's PPF and Maria's PPF. Anna and Maria can achieve the gains from trade if Anna produces ________ and Maria produces ________
A) ties; shirts
B) shirts and ties; only ties
C) only ties; shirts and ties
D) shirts; ties
A
You might also like to view...
A movement along the demand curve for toothpaste would be caused by
A) a change in population. B) a change in the price of toothbrushes. C) a change in consumer income. D) a change in the price of toothpaste.
If the prices of productive substitute goods decreased and productive technology improved at the same time, as a result: a. prices would rise and there would be and an indeterminate effect on quantities exchanged. b. prices would fall and there would be and an indeterminate effect on quantities exchanged. c. prices would rise and larger quantities would be exchanged
d. prices would fall and larger quantities would be exchanged.
Standard loans of the International Monetary Fund, known as stand-by arrangements, are normally to be repaid in ten years.
Answer the following statement true (T) or false (F)
A reduction in the cost of cable TV subscriptions will ________ the ________ for televisions
A) decrease; supply B) decrease; demand C) increase; supply D) increase; demand E) None of the above is correct.