The following production possibilities schedule shows the quantities of buckwheat and corn that can be produced in the United States and Canada with one unit of equivalent resources. Buckwheat Corn (bushels) (bushels) United States 64 14 Canada 24 For both countries to be able to gain from trade, Canada would not gain by producing and exporting corn and importing buckwheat unless it received O A. any quantity of buckwheat. O B. more than 4 bushels of buckwheat per bushel of corn. O C. more than 6 bushels of corn. O D. more than 4.57 bushels of buckwheat per bushel of con.
The following production possibilities schedule shows the quantities of buckwheat and corn that can be produced in the United States and Canada with one unit of equivalent resources. Buckwheat Corn (bushels) (bushels) United States 64 14 Canada 24 For both countries to be able to gain from trade, Canada would not gain by producing and exporting corn and importing buckwheat unless it received O A. any quantity of buckwheat. O B. more than 4 bushels of buckwheat per bushel of corn. O C. more than 6 bushels of corn. O D. more than 4.57 bushels of buckwheat per bushel of con.
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
Problem 2CQQ
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