Answer the next 2 questions on the basis of the following diagrams: The data emb

Question

Answer the next 2 questions on the basis of the following diagrams: The data embodied in the diagrams suggest that: Italy should export X and Greece should export Y. Greece should export X and Italy should export Y. Production in both countries is subject to increasing costs. Italy should import both X and Y from Greece. Which of the following is a feasible rate at which X and Y might be exchanged? IX for 3Y IX for 1.5Y IX for 2.5Y IX for 5Y Which of the following is not a commonly heard argument for protectionism? A strong national defense requires that some military products be produced domestically. Infant industries need short-run, but not long-run, protection from foreign competition. Specialization along the lines of comparative advantage can lead to greater economic instability for a nation. When other nations' economies grow they typically import fewer goods and services.

Explanation / Answer

the answers are
c b and a

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