Landia production possibilities: Fish Chips B с Fish 8 6 Chips 0 10 Scandia production possibilities: C) 36 chips and 10 fish. D) 42 chips and 12 fish. 4 20 B с D 16 12 8 0 12 24 2 30 D 4 36 E 0 40 E 0 48 1. Refer to the above data. If Landia and Scandia fully specialize based on comparative advantage, their aggregate output will be: A) 48 chips and 8 fish. B) 40 chips and 16 fish.

Landia production possibilities: Fish Chips B с Fish 8 6 Chips 0 10 Scandia production possibilities: C) 36 chips and 10 fish. D) 42 chips and 12 fish. 4 20 B с D 16 12 8 0 12 24 2 30 D 4 36 E 0 40 E 0 48 1. Refer to the above data. If Landia and Scandia fully specialize based on comparative advantage, their aggregate output will be: A) 48 chips and 8 fish. B) 40 chips and 16 fish.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains From Trade

Section: Chapter Questions

Problem 5PA

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