The Following Shows the Production Possibilities Tables for Two Countries

question 66

Multiple Choice

The following shows the Production possibilities tables for two countries, Latalia and Trombonia:

-Refer to the above tables. Assume that before specialization and trade, Latalia produced combination C and Trombonia produced combination B. If these two nations now specialize completely in accordance with comparative advantage, the total gains from specialization and trade will be:

• A) 4 tons of beans.
• B) 1 ton of pork and 2 tons of beans.
• C) 4 tons of pork.
• D) 2 tons of pork and 4 tons of beans.

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Definitions:

Demographic Research

The study of populations based on factors such as age, race, sex, economic status, level of education, income level, and employment, among others.

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