The following data outline production choices (A or B) in two nations, Latalia and Trombonia. Latalia has a workforce of 14 and Trombonia has a workforce of 10.
-Assume that before specialization and trade,each nation devoted half of its workforce to each product.If these two nations fully specialize in accordance with comparative advantage,the total gains from specialization would be:
A) 12 tons of pork and 20 tons of beans
B) 88 tons of pork and 120 tons of beans
C) 100 tons of pork and 100 tons of beans
D) 12 tons of pork and 120 tons of beans
E) 88 tons of pork and 100 tons of beans
Correct Answer:
Verified
Q27: The following are domestic supply and
Q28: Q29: In effect,tariffs on imports are: Q30: Q31: The following data outline production choices Q33: The following data outline production choices Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)special taxes on