Question 12 Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the trade line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada. books 80 a. 60 candles. b. 20 books. C. 20 books. d. 60 50 80 books. 12. Which of the following can be inferred from this figure? a. Canada has a comparative advantage in the production of books. b. Canada has a comparative advantage in the production of candles. C. Canada has an absolute disadvantage in the production of both the goods. d. Canada has absolute advantage in the production of both the goods. books 80 80 13. After Canada engages in free trade, it will export: a. 80 books. b. 20 candles. C. 40 candles. d. 60 candles. 60 50 60 50 uestion 13 Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the trade line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada. books 80 25 60 50 14. After Canada engages in free trade, it will import: books 25 ST 25 25 So 4 65 estion 14 Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the trade line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada. So PPC 65 S G₁ 65 PPC 65 PPC 85 C₁ PPC C₂ 85 C₂ 85 15. In the absence of international trade, 1 book will exchange for in international trade,1 book will exchange for. candles. a. 1; 0.25 b. 4; 1 C. 1; 4 d.0; 2.5 ion 15 Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the tra line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada. 85 TTO C₂ C₂ TTO TT candles TT₁ TTO TT₁ candles TT₁ candles TT₁ candles candles in Canada. After Canada engages
Question 12 Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the trade line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada. books 80 a. 60 candles. b. 20 books. C. 20 books. d. 60 50 80 books. 12. Which of the following can be inferred from this figure? a. Canada has a comparative advantage in the production of books. b. Canada has a comparative advantage in the production of candles. C. Canada has an absolute disadvantage in the production of both the goods. d. Canada has absolute advantage in the production of both the goods. books 80 80 13. After Canada engages in free trade, it will export: a. 80 books. b. 20 candles. C. 40 candles. d. 60 candles. 60 50 60 50 uestion 13 Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the trade line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada. books 80 25 60 50 14. After Canada engages in free trade, it will import: books 25 ST 25 25 So 4 65 estion 14 Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the trade line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada. So PPC 65 S G₁ 65 PPC 65 PPC 85 C₁ PPC C₂ 85 C₂ 85 15. In the absence of international trade, 1 book will exchange for in international trade,1 book will exchange for. candles. a. 1; 0.25 b. 4; 1 C. 1; 4 d.0; 2.5 ion 15 Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the tra line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada. 85 TTO C₂ C₂ TTO TT candles TT₁ TTO TT₁ candles TT₁ candles TT₁ candles candles in Canada. After Canada engages
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:Question 12
Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the trade
line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada.
books
80
60
50
a. 60 candles.
b. 20 books.
C. 20 books.
d. 80 books.
books
80
80
60
50
60
50
12. Which of the following can be inferred from this figure?
a. Canada has a comparative advantage in the production of books.
Ob. Canada has a comparative advantage in the production of candles.
C. Canada has an absolute disadvantage in the production of both the goods.
d. Canada has absolute advantage in the production of both the goods.
13. After Canada engages in free trade, it will export:
a. 80 books.
b. 20 candles.
C. 40 candles.
d. 60 candles.
books
S₁
80
question 13
Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the trade
line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada.
60
50
S₁
books
25
14. After Canada engages in free trade, it will import:
25
S₁
S₁
25
25
So
4₁
1₂
So
65
65
1₂
So
uestion 14
Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the trade
line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada.
So
PPC
C₁
65
65
C₁
PPC
C₁
PPC
C₁
85
PPC
C₂
85
C₂
85
candles.
15. In the absence of international trade, 1 book will exchange for
in international trade,1 book will exchange for
a. 1;0.25
b. 4; 1
c. 1;4
d.0; 2.5
85
TTO
C₂
ion 15
Questions 10-15: The figure below shows the production possibility curve (PPC) of Canada. The line TTo shows the tra
line with the price ratio of 1 book/candle. I1 and 12 are two of the community indifference curves of Canada.
C₂
TT
TTO
TT₁
candles
TTO
TT₁
candles
TT₁
candles
TT₁
candles
candles in Canada. After Canada engages
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