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 opportunity cost of a truck is ________ car(s) in the United States and ________ car(s) in England.
◦ 6; 4
◦ 4; 1.5
◦ 4; 6
◦ .25; 1.5
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 theory of comparative advantage suggests that
◦ England should import trucks and export cars.
◦ England should export both trucks and cars.
◦ the United States should export both trucks and cars.
◦ the United States should export cars and import trucks.
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