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Table 13.2 shows the production possibilities curves for Troy and Sparta. Prior to specialization and trade, Troy is producing combination B, and Sparta is producing combination
D.
Table 13.2
a) What is the total output of the two countries for both products?
b) If each country were to specialize in the product in which it has a comparative advantage, what will be the total output of the two countries for both products?
c) Suppose Troy and Sparta engage in trade. Can world output of both goods increase?
Minerals
Naturally occurring inorganic substances with a definite chemical composition and crystalline structure, forming the building blocks of rocks.
Scratch Test
A method used to determine the relative hardness of minerals by scratching them with an object of known hardness or with other minerals.
Effervescence
The potential of a mineral to have a vigorous bubbling reaction when a drop of dilute hydrochloric acid (HCl) is placed on it.
Magnetism
A physical phenomenon produced by the motion of electric charge, resulting in attractive and repulsive forces between objects.
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