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Consider the No-Trade Input/output Situation Presented in the Following Table

question 84

Multiple Choice

Consider the no-trade input/output situation presented in the following table and graph for South and North Carolina.Assume that free trade is legal. Input/Output without Trade

     country  
  south carolina   north carolina  total
 I. total potintal output      
 (lbs. or yard; 000,000s)      
guns 500  250  750
butter  1,000  750  1,750
 II. consumption      
  (lbs. or yard; 000,000s)      
guns 250 200  450
butter  500 150   650
Which state is better at making guns?


Definitions:

Aldehydes

Organic compounds characterized by the presence of a carbonyl group bonded to at least one hydrogen atom, typically found at the end of a molecule.

Ketones

Organic compounds characterized by a carbonyl group (C=O) bonded to two carbon atoms, prominent in many biological and synthetic contexts.

Cyanohydrins

Organic compounds containing both a hydroxyl and a nitrile group, typically formed from aldehydes or ketones and hydrogen cyanide.

Cyclohexanone

An organic compound characterized by a six-membered cyclic structure containing one ketone group, used as a solvent and in the synthesis of various chemicals.

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