Refer to the tables. Suppose that the amount and quality of resources are the same in both countries. We can conclude that Multiple Choice Duckistan is technologically better than Herbania at producing military goods. Herbania is technologically better than Duckistan at producing both military goods and civilian goods. the total opportunity cost of producing 4 units of military goods is the same in both countries.
Refer to the tables. Suppose that the amount and quality of resources are the same in both countries. We can conclude that Multiple Choice Duckistan is technologically better than Herbania at producing military goods. Herbania is technologically better than Duckistan at producing both military goods and civilian goods. the total opportunity cost of producing 4 units of military goods is the same in both countries.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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