Refer to the information provided in Figure 33.2 below to answer ...

[SGallaher96]

Question 1

Refer to the information provided in Figure 33.2 below to answer the question(s) that follow.





Refer to Figure 33.2. the theory of comparative advantage suggests that

◦ England should export trucks and import cars.
◦ England should export both trucks and cars.
◦ the United States should export both trucks and cars.
◦ the United States should import cars and export trucks.

Question 2

Refer to the information provided in Figure 33.2 below to answer the question(s) that follow.





Refer to Figure 33.2. The opportunity cost of 1 ________ is 0.25 ________ in the United States and 0.67 ________ in England.

◦ car; truck; truck
◦ truck; car; car
◦ car; car; truck
◦ truck; truck; car

[JYan]

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[SGallaher96]

TYSM

[raenoj]

Thanks for the timely response, appreciate it