Multiple Choice
Figure 3-2
-Refer to Figure 3-2. Assume that Cliff and Paul were both producing wheat and corn, and both were dividing their time equally between the two. Then they decide to specialize in the product for which they have a comparative advantage. What would happen to the production of corn?
A) It would increase by 1 bushel.
B) It would increase by 2 bushels.
C) It would increase by 3 bushels.
D) It would increase by 4 bushels.
Correct Answer:
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