The Following Production Possibilities Schedule Shows the Quantities of Soybeans

question 100

Multiple Choice

The following production possibilities schedule shows the quantities of soybeans and oil that can each be produced in Canada and Mexico with one unit of equivalent resources. TABLE 32-3 Refer to Table 32-3.If Canada were to transfer half a unit of resources from oil to soybeans and Mexico were to transfer one unit of resources from soybeans to oil,the effect on the total output of the two countries would be as follows:

• A)Soybean production would increase by 30 bushels.
• B)Soybean production would increase by 6 bushels and oil production would increase by 3 barrels.
• C)Soybean production would increase by 36 bushels and oil production would decrease by 2 barrels.
• D)Oil production would increase by 8 barrels.
• E)Soybean production would increase by 6 bushels and oil production would increase by 2.02 barrels.

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