1) When both countries specialize, the US will produce _____ tons of beeg and Me
ID: 1221530 • Letter: 1
Question
1) When both countries specialize, the US will produce _____ tons of beeg and Mexico ______ tons of vegetables.
A) 12;9
B)15;30
C) 30;20
D) 20;5
2) If the output is evenly divided between the two countries after they specialize, then the US will _____ tons of beef and _____ tons of vegetables.
A) export 15; import 10
B) export 30; import 15
C) import 15; export 1
3) If the output is evenly divided between the two countries after they specialize, then Mexico will _____ tons of vegetales and ______ tons of beef.
A) export 10; import 15
B) export 20; import 5
C) import 10; export 15
4) If point A represents the consumption choices of the US before trade, then the gains fom specialization and trade are ______ ton(s) of vegetables and ______ ton(s) of beef.
A) 11; 20
B) 1; 18
C) 1; 3
5) If point Z represents the consumption choices of Mexico before trade, then the gains from specialization and trade are _____ tons of vegetables and _____ tons of beeg.
A) 2; 12
B) 12; 2
C) 7; 27
Explanation / Answer
1. option C is correct.
2. option A is correct
3. option C is correct
4. option A is correct
5. option B is correct
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