(Table: Wheat and Aluminum) Look at the table Wheat and Aluminum.The United States and Germany can produce both wheat and aluminum.The table shows, in tonnage, the maximum annual output combinations of wheat and aluminum that can be produced.Which of the following choices would represent a possible trade based upon specialization and comparative advantage?
A) Germany would trade 2 tons of wheat to the United States for 1 ton of aluminum.
B) Germany would trade 2 tons of aluminum to the United States for .5 tons of wheat.
C) The United States would trade 1 ton of wheat to Germany for 1 ton of aluminum.
D) The United States would trade 1 ton of wheat to Germany for 1.5 tons of aluminum.
Correct Answer:
Verified
Q145: Dr.Colgate is a dentist who employs an
Q147: Because Casey can type reports faster and
Q149: Greta starts using a new baking technique
Q153: Coworkers Yvonne and Rodney are trying to
Q164: Use the following to answer questions :
Q168: Mark and Julie are going to sell
Q177: Mark and Julie are going to sell
Q182: If the opportunity cost of manufacturing automobiles
Q187: Use the following to answer questions :
Q189: Use the following to answer questions :
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