The countries of Aptonville and Boxtown each produce two goods: Trucks and Motorbikes. The table below lists the yearly production in millions of units associated with producing each good, for each country. Country Production of Trucks Production of Motorbikes Aptonville 80 Boxtown 100 Currently, Aptonville does not trade with Boxtown but the 2 countries are negociating a free trade agreement. Based on the information above, Aptonville should specialize in OTrucks OMotorbikes ONo trade should take place and export to Boxtown. Similarly, Boxtown should specialize in OTrucks OMotorbikes ONO trade should take place and export to Aptonville. 20 50

The countries of Aptonville and Boxtown each produce two goods: Trucks and Motorbikes. The table below lists the yearly production in millions of units associated with producing each good, for each country. Country Production of Trucks Production of Motorbikes Aptonville 80 Boxtown 100 Currently, Aptonville does not trade with Boxtown but the 2 countries are negociating a free trade agreement. Based on the information above, Aptonville should specialize in OTrucks OMotorbikes ONo trade should take place and export to Boxtown. Similarly, Boxtown should specialize in OTrucks OMotorbikes ONO trade should take place and export to Aptonville. 20 50

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please fill in the boxes below, and verify the top is right
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