Table 3-22 Assume That Zimbabwe and Portugal Can Switch Between Producing Toothbrushes

question 24

Multiple Choice

Table 3-22
Assume that Zimbabwe and Portugal can switch between producing toothbrushes and producing hairbrushes at a constant rate.
-Refer to Table 3-22. Zimbabwe and Portugal would not be able to gain from trade if Zimbabwe's opportunity cost of one toothbrush changed to

• A)0 hairbrushes.
• B)5/6 hairbrushes.
• C)6/5 hairbrushes.
• D)Zimbabwe and Portugal can always gain from trade regardless of their opportunity costs.

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Definitions:

Scarcity

The inability of an economy to generate enough goods and services to satisfy all human wants.

Economic Questions

Fundamental inquiries regarding how societies allocate resources, including what to produce, how to produce, and for whom to produce.

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