Table 3-23 Assume That the Farmer and the Rancher Can Switch Between

question 235

Multiple Choice

Table 3-23
Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate.
​
-Refer to Table 3-23. The farmer should specialize in the production of

• A)pork and the rancher should specialize in the production of tomatoes.
• B)tomatoes and the rancher should specialize in the production of pork.
• C)both goods and the rancher should specialize in the production of neither good.
• D)neither good and the rancher should specialize in the production of both goods.

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Definitions:

Rupees

The official currency of India, symbolized as INR, and used in financial transactions within the country.

Import

The act of bringing goods or services from a foreign country for sale or use.