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Figure 3-20 Canada's Production Possibilities Frontier Mexico's Production Possibilities Frontier ↑ Good Y 20 18+ 16 14 12 10 8 6- ↑ Good Y 20 18 16 14 12 10 8 6 4 2 246 8 10 12 14 16 18 Good X 2 4 6 8 10 12 14 16 18 20 ++ Good X Refer to Figure 3-20. If Canada and Mexico switch from each country dividing its time equally between the production of Good X and Good Y to each country spending all of its time producing the good in which it has a comparative advantage, then total production of Good Y will increase by ○ 6 units. 3 units. ○ 12 units. ○ 9 units.

Figure 3-20 Canada's Production Possibilities Frontier Mexico's Production Possibilities Frontier ↑ Good Y 20 18+ 16 14 12 10 8 6- ↑ Good Y 20 18 16 14 12 10 8 6 4 2 246 8 10 12 14 16 18 Good X 2 4 6 8 10 12 14 16 18 20 ++ Good X Refer to Figure 3-20. If Canada and Mexico switch from each country dividing its time equally between the production of Good X and Good Y to each country spending all of its time producing the good in which it has a comparative advantage, then total production of Good Y will increase by ○ 6 units. 3 units. ○ 12 units. ○ 9 units.

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
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Figure 3-20 Canada's Production Possibilities Frontier Mexico's Production Possibilities Frontier ↑ Good Y 20 18+ 16 14 12 10 8 6- ↑ Good Y 20 18 16 14 12 10 8 6 4 2 246 8 10 12 14 16 18 Good X 2 4 6 8 10 12 14 16 18 20 ++ Good X Refer to Figure 3-20. If Canada and Mexico switch from each country dividing its time equally between the production of Good X and Good Y to each country spending all of its time producing the good in which it has a comparative advantage, then total production of Good Y will increase by ○ 6 units. 3 units. ○ 12 units. ○ 9 units.
Transcribed Image Text:Figure 3-20 Canada's Production Possibilities Frontier Mexico's Production Possibilities Frontier ↑ Good Y 20 18+ 16 14 12 10 8 6- ↑ Good Y 20 18 16 14 12 10 8 6 4 2 246 8 10 12 14 16 18 Good X 2 4 6 8 10 12 14 16 18 20 ++ Good X Refer to Figure 3-20. If Canada and Mexico switch from each country dividing its time equally between the production of Good X and Good Y to each country spending all of its time producing the good in which it has a comparative advantage, then total production of Good Y will increase by ○ 6 units. 3 units. ○ 12 units. ○ 9 units.
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