The Following Production Possibilities Schedule Shows the Quantities of Soybeans

question 97

Multiple Choice

The following production possibilities schedule shows the quantities of soybeans and oil that can be produced in Canada and Mexico with one unit of equivalent resources. $$\begin{array}{l}\begin{array} { | l | l | l | } \hline & \begin{array} { l } \text { Soybeans } \\\text { (bushels) }\end{array} & \begin{array} { l } \text { Oil } \\\text { (barrels) }\end{array} \\\hline \text { Canada } & 60 & 10 \\\hline \text { Mexico } & 24 & 8 \\\hline\end{array}\\\text { TABLE 33- } 3\end{array}$$
-Refer to Table 33- 3. Mexico would not gain by producing and exporting oil and importing soybeans unless it received

• A) more than 3 bushels of soybeans per barrel of oil.
• B) any quantity of soybeans.
• C) more than 10 barrel of oil.
• D) more than 6 bushels of soybeans per barrel of oil.
• E) 2 bushels of soybeans per barrel of oil.