The Following Table Indicates the Production Possibilities of Cars and Clothing

question 27

Multiple Choice

The following table indicates the production possibilities of cars and clothing per worker day in the United States and Japan. Which of the following is true?

• A) No gains from trade are possible.
• B) Joint output would be maximized if the United States specialized in producing cars and Japan in producing clothing.
• C) Mutual gains from trade could be realized if the United States specialized in clothing production and Japan in car production.
• D) The Japanese are the high-cost producers of both cars and clothing.

---

Definitions:

AutoEntry

A feature or tool that automatically fills in data based on a pattern or previous entries.

LastName Field

A specific field used in databases or forms for capturing the last name portion of a person's full name.

Required

A condition or parameter that must be met or provided for a process to proceed or be considered complete.

Table Datasheet

A view in database and spreadsheet software that displays data in rows and columns, resembling a traditional table.