Question 4 Figure 3-20 Canada's Production Possibilities Frontier Good Y 20 18 16 14+ 12 10 10 8 00 6 + Mexico's Production Possibilities Frontier Good Y 20 18 16+ 14+ 12 10 00 8 6+ 4 + 2 4 6 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. Canada has an absolute advantage in the production of 5 pts O both goods and Mexico has an absolute advantage in the production of neither good. neither good and Mexico has an absolute advantage in the production of both goods. Good X and Mexico has an absolute advantage in the production of Good Y. Good Y and Mexico has an absolute advantage in the production of Good X.
Question 4 Figure 3-20 Canada's Production Possibilities Frontier Good Y 20 18 16 14+ 12 10 10 8 00 6 + Mexico's Production Possibilities Frontier Good Y 20 18 16+ 14+ 12 10 00 8 6+ 4 + 2 4 6 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. Canada has an absolute advantage in the production of 5 pts O both goods and Mexico has an absolute advantage in the production of neither good. neither good and Mexico has an absolute advantage in the production of both goods. Good X and Mexico has an absolute advantage in the production of Good Y. Good Y and Mexico has an absolute advantage in the production of Good X.
Chapter1: Making Economics Decisions
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Transcribed Image Text:Question 4
Figure 3-20
Canada's Production Possibilities Frontier
Good Y
20
18
16
14+
12
10
10
8
00
6
+
Mexico's Production Possibilities Frontier
Good Y
20
18
16+
14+
12
10
00
8
6+
4
+
2 4 6 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. Canada has an absolute advantage in the production of
5 pts
O both goods and Mexico has an absolute advantage in the production of neither good.
neither good and Mexico has an absolute advantage in the production of both goods.
Good X and Mexico has an absolute advantage in the production of Good Y.
Good Y and Mexico has an absolute advantage in the production of Good X.
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