Given the Following Production Possibilities Schedules,it Can Be Seen That

question 136

Multiple Choice

Given the following production possibilities schedules,it can be seen that:

• A) Brazil has a comparative advantage in producing wine.
• B) Poland can produce more machines than Brazil.
• C) Brazil has a comparative advantage in producing machines.
• D) Poland can produce more of both goods than Brazil.

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Definitions:

Subsurface

Referring to the area beneath the earth's surface, often related to underground water or mineral reserves.

Surface

The outermost layer or boundary of an object or material.

Easement

A nonpossessory right, established by express or implied agreement, to make limited use of another’s property without removing anything from the property.

Product of the Land

Refers to natural resources or crops that are produced, grown, or extracted directly from the land.