Figure 3-21
Uzbekistan's Production Possibilities Frontier
Azerbaijan's Production Possibilities Frontier 
-Refer to Figure 3-21.Without trade,Uzbekistan produced and consumed 12 bolts and 36 nails and Azerbaijan produced and consumed 14 bolts and 24 nails.Then,each country agreed to specialize in the production of the good in which it has a comparative advantage and trade 16 bolts for 38 nails.As a result,Uzbekistan gained
A) 2 bolts and 2 nails and Azerbaijan gained 2 bolts and 18 nails.
B) 4 bolts and 2 nails and Azerbaijan gained 2 bolts and 14 nails.
C) 14 bolts and 38 nails and Azerbaijan gained 16 bolts and 42 nails.
D) 16 bolts and 38 nails and Azerbaijan gained 16 bolts and 38 nails.
Correct Answer:
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Q127: Figure 3-23
The graph below represents the various
Q128: Figure 3-23
The graph below represents the various
Q129: Figure 3-21
Uzbekistan's Production Possibilities Frontier
Azerbaijan's Production Possibilities
Q130: Figure 3-23
The graph below represents the various
Q131: Figure 3-22
Alice and Betty's Production Possibilities in
Q133: Figure 3-24
The production possibilities frontiers below show
Q134: Figure 3-22
Alice and Betty's Production Possibilities in
Q135: Figure 3-23
The graph below represents the various
Q136: Figure 3-21
Uzbekistan's Production Possibilities Frontier
Azerbaijan's Production Possibilities
Q137: Figure 3-21
Uzbekistan's Production Possibilities Frontier
Azerbaijan's Production Possibilities
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