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Home Q & A Board Other Fields Homework Help Business Economics
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Sublight2097 Sublight2097
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9 years ago
Suppose firms in Hong Kong can produce 40,000 plastic dolls or 80,000 squirt guns each week, while firms in Taiwan can produce 40,000 plastic dolls or 40,000 squirt guns each week. Therefore, when we compare the two groups:
A) the costs of production are the same in each country.
B) the people in Hong Kong are the most efficient producers of both plastic dolls and squirt guns.
C) the people in Taiwan produce plastic dolls with the same efficiency as Hong Kong.
D) none of the above are true.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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Chimelo46Chimelo46
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9 years ago
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Sublight2097 Author
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#2
9 years ago
Seriously, you've been tremendously helpful! Thank you.
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#3
9 years ago
It was nothing, thanks for updating us.
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#4
3 years ago
Thank you
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