Use the Following to Answer Questions

question 16

Multiple Choice

Use the following to answer questions:
-(Figure: The Production Possibility Frontiers for Jackson and Tahoe) Use Figure: The Production Possibility Frontiers for Jackson and Tahoe.In autarky,Jackson produces and consumes 30 head of cattle and 80 kilograms of wheat,while Tahoe produces and consumes 80 head of cattle and 60 kilograms of wheat.Each nation specializes completely,based on comparative advantage,and the price of 1 head of cattle equals the price of 2 kilograms of wheat.If Jackson exports 120 kilograms of wheat to Tahoe,then the new consumption point for Tahoe after trade is _____ kilograms of wheat and _____ head of cattle.

• A) 120;140
• B) 120;60
• C) 60;120
• D) 400;200

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Definitions:

Vertical Integration

A strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.

Singer Sewing Machines

A historically significant brand that played a key role in the development and mass production of sewing machines, changing the textile industry.

Indian Lands

Territories inhabited or historically owned by indigenous peoples of the Americas prior to European colonization and often the subject of conflict and negotiation thereafter.

Late Nineteenth Century

Refers to the period from around 1870 to 1900, marked by significant industrial, social, and political changes worldwide.