The following production possibilities schedule shows the quantities of buckwheat and corn that can be produced in the United States and Canada with one unit of equivalent resources. United States Canada Buckwheat (bushels) 65 27 Corn (bushels) 12 7 For both countries to be able to gain from trade, Canada would not gain by producing and exporting corn and importing buckwheat unless it received O A. more than 3.86 bushels of buckwheat per bushel of corn. OB. any quantity of buckwheat. OC. more than 5.42 bushels of buckwheat per bushel of corn. O D. more than 7 bushels of corn.

The following production possibilities schedule shows the quantities of buckwheat and corn that can be produced in the United States and Canada with one unit of equivalent resources. United States Canada Buckwheat (bushels) 65 27 Corn (bushels) 12 7 For both countries to be able to gain from trade, Canada would not gain by producing and exporting corn and importing buckwheat unless it received O A. more than 3.86 bushels of buckwheat per bushel of corn. OB. any quantity of buckwheat. OC. more than 5.42 bushels of buckwheat per bushel of corn. O D. more than 7 bushels of corn.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The following production possibilities schedule shows the quantities of buckwheat and corn that can be produced in the United States and Canada with one unit of equivalent resources. Buckwheat Corn (bushels) (bushels) United States 64 14 Canada 24 For both countries to be able to gain from trade, Canada would not gain by producing and exporting corn and importing buckwheat unless it received O A. any quantity of buckwheat. O B. more than 4 bushels of buckwheat per bushel of corn. OC. more than 6 bushels of corn. O D. more than 4.57 bushels of buckwheat per bushel of con.