Use the Production Possibilities Data Below for Lebos and Slavia

question 22

Multiple Choice

Use the production possibilities data below for Lebos and Slavia to answer the following question(s) . Table 2-1

Refer to Table 2-1. According to the law of comparative advantage, both Lebos and Slavia could gain if

• A) Lebos produced all of the food and clothing and Slavia did not produce anything.
• B) Lebos specialized in producing clothing, Slavia specialized in producing food, and they traded.
• C) Lebos specialized in producing food, Slavia specialized in producing clothing, and they traded.
• D) Slavia and Lebos were both were self-sufficient and did not trade.

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