Use the Following to Answer Questions

question 202

Multiple Choice

Use the following to answer questions:
Figure: The Production Possibilities for Two Countries
-(Figure: The Production Possibilities for Two Countries) Look at the figure The Production Possibilities for Two Countries. If Indonesia and Malaysia specialize completely in the production of the good of their comparative advantage, the two nations together will produce _____ tires and _____ radios.

• A)600; 800
• B)800; 1,200
• C)1,200; 1,600
• D)800; 600

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Definitions:

Quantity of Lattés

The total amount or number of lattés produced or served, used often in economic contexts to discuss consumer choice or market demand.

Labor Necessary

The essential work or effort required to produce goods and services, considered as one of the factors of production.

Microprocessors

Integrated circuits that contain the functions of a computer's central processing unit (CPU), serving as the brains of computers, smartphones, and other electronic devices.

Market for Laptops

The demand and supply ecosystem for laptops, involving both consumers seeking to purchase laptops and manufacturers or retailers selling them.