Here is what each country can produce: Country Tons of Rice Tons of Metal Norway 50,000 5,000 India XXXXXXX 2,000 If these countries have no reason to trade with each-other, how many tons of rice can India produce think the answer is is 13,000 tons, write 13000 Don't write 13,000 Answer:

Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section9.1: The Determinants Of Trade
Problem 1QQ
icon
Related questions
Question
Here is what each country can produce:
Country
Tons of Rice
Tons of Metal
Norway
50,000
5,000
India
XXXXXXX
2,000
If these countries have no reason to trade with each-other, how many tons of rice can India produce?
think the answer is is 13,000 tons, write 13000
Don't write 13,000
Answer:
Transcribed Image Text:Here is what each country can produce: Country Tons of Rice Tons of Metal Norway 50,000 5,000 India XXXXXXX 2,000 If these countries have no reason to trade with each-other, how many tons of rice can India produce? think the answer is is 13,000 tons, write 13000 Don't write 13,000 Answer:
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Free Trade
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Microeconomics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
Economics
ISBN:
9781305971493
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics, 7th Edition (MindTap Cou…
Principles of Economics, 7th Edition (MindTap Cou…
Economics
ISBN:
9781285165875
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Microeconomics
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning