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pirex pirex
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6 years ago
Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. They can each produce any linear combination as well. If production occurs at the kink on the joint production possibility frontier,
A) the U.S. will specialize in food and Canada will specialize in clothing.
B) the U.S. will specialize in clothing and Canada will specialize in food.
C) each country will devote half of its resources to each industry.
D) joint output is minimized.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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And if you call, I will answer
And if you fall, I'll pick you up
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TecShdwTecShdw
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6 years ago
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pirex Author
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6 years ago
You make an excellent tutor!
aznzergs
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Yesterday
Brilliant ツ
derya1234
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2 hours ago
Helped a lot
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