Based on the above figure, if countries "A" and "B" faced the production possibilities curves above, both countries would benefit if
A) they did not trade.
B) "A" produced industrial goods, and "B" produced agricultural goods.
C) "B" produced industrial goods, and "A" produced agricultural goods.
D) they both produced both industrial and agricultural goods.

Question

Based on the above figure, if countries "A" and "B" faced the production possibilities curves above, both countries would benefit if
A) they did not trade. 
B) "A" produced industrial goods, and "B" produced agricultural goods. 
C) "B" produced industrial goods, and "A" produced agricultural goods. 
D) they both produced both industrial and agricultural goods.

Quizplus · Accepted Answer

The Answer of 
Based on the above figure, if countries "A" and "B" faced the production possibilities curves above, both countries would benefit if
A) they did not trade. 
B) "A" produced industrial goods, and "B" produced agricultural goods. 
C) "B" produced industrial goods, and "A" produced agricultural goods. 
D) they both produced both industrial and agricultural goods.

Based on the Above Figure, If Countries "A" and "B