Consider the production productivity matrix of two goods from the US and India: United States of America India Labor force 200 800 Labor per unit corn 8 50 Labor per unit automobile 10 40 1. How many units of corn will the US produce should it exhaust all its labor force to produce corns? Group of answer choices 20 16 25 Not enough data 2. How many units of corn will India produce should it exhaust 3/4s of its labor force to produce corns? Group of answer choices 20 16 25 12 3. Between the USA and India, which country has a comparative advantage in the production of automobiles? Group of answer choices India USA None of the countries Not enough data
Consider the production productivity matrix of two goods from the US and India: United States of America India Labor force 200 800 Labor per unit corn 8 50 Labor per unit automobile 10 40 1. How many units of corn will the US produce should it exhaust all its labor force to produce corns? Group of answer choices 20 16 25 Not enough data 2. How many units of corn will India produce should it exhaust 3/4s of its labor force to produce corns? Group of answer choices 20 16 25 12 3. Between the USA and India, which country has a comparative advantage in the production of automobiles? Group of answer choices India USA None of the countries Not enough data
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 9SQ
Related questions
Question
Consider the production productivity matrix of two goods from the US and India:
United States of America | India | |
Labor force | 200 | 800 |
Labor per unit corn | 8 | 50 |
Labor per unit automobile | 10 | 40 |
1. How many units of corn will the US produce should it exhaust all its labor force to produce corns?
Group of answer choices
- 20
- 16
- 25
- Not enough data
2. How many units of corn will India produce should it exhaust 3/4s of its labor force to produce corns?
Group of answer choices
- 20
- 16
- 25
- 12
3. Between the USA and India, which country has a
Group of answer choices
- India
- USA
- None of the countries
- Not enough data
4. How many units of automobiles will the US produce should it exhaust half of its labor force to produce automobiles?
Group of answer choices
- 20
- 10
- 25
- Not enough data
5. How many units of automobiles will India produce should it exhaust all its labor force to produce automobiles?
Group of answer choices
- 20
- 16
- 25
- 12
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