Answer the Question on the Basis of the Following Production

question 21

Multiple Choice

Answer the question on the basis of the following production possibilities data for Landia and Scandia: Landia Production Possibilities:

$\begin{array} { l c c c c c } & \underline { A } & \underline { B } & \underline { C } & \underline { D } & \underline { E } \\\text { Fish }&8&6&4&2&0\\ \text { Chips } & 0 & 10 & 20 & 30 & 40 \end{array}$

Scandia Production Possibilities:

$\begin{array} { c c c c c } &\underline { A } & \underline { B } & \underline { C } & \underline { D } & \underline { E } \\\text { Fish } &16 & 12 & 8 & 4 & 0 \\\text { Chips } &0 & 12 & 24 & 36 & 48 \end{array}$ Refer to the given data.If Landia and Scandia fully specialize based on comparative advantage,their aggregate output will be:

• A) 48 chips and 8 fish.
• B) 40 chips and 16 fish.
• C) 36 chips and 10 fish.
• D) 42 chips and 12 fish.

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Definitions:

Tall, Thin Glass

A container made of glass with a taller height compared to its diameter, often used for serving beverages.

Newly Hatched Chicks

describes chicks that have recently emerged from their eggs, marking the initial stage of their life outside the eggshell.

Depth

A measure of the distance from the surface or top to the bottom of something or the quality of being profound or intense.

John Locke

A 17th-century English philosopher known for his work on the theory of mind, identity, and political philosophy, particularly regarding the rights of individuals and the concept of the social contract.