30. Using equal amounts of resources, Country A can produce either 30 tons of mangoes or...

  

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30. Using equal amounts of resources, Country A can produce either 30 tons of mangoes or 10 tons of bananas, and Country B can produce either 10 tons of mangoes or 6 tons of bananas. Which of the following is consistent with the information above? Country A a. Comparative advantage in mango production b. Comparative advantage in banana production c. Absolute advantage in mango production d. Absolute advantage in banana production Country B Comparative advantage in banana production Comparative advantage in mango production Absolute advantage in banana production Absolute advantage in mango production 16. Refer to Figure 1. If the government set a price ceiling at $10, there would be a(n): 90 80 70 60 50 40 30 20 10 D₁ tos 4 8 12 16 20 24 28 32 36 a. excess supply on 32 unites. b. shortage of 24 unites. c. excess supply on 80 unites. d. excess supply on 16 unites. 30. Using equal amounts of resources, Country A can produce either 30 tons of mangoes or 10 tons of bananas, and Country B can produce either 10 tons of mangoes or 6 tons of bananas. Which of the following is consistent with the information above? Country A a. Comparative advantage in mango production b. Comparative advantage in banana production c. Absolute advantage in mango production d. Absolute advantage in banana production Country B Comparative advantage in banana production Comparative advantage in mango production Absolute advantage in banana production Absolute advantage in mango production 16. Refer to Figure 1. If the government set a price ceiling at $10, there would be a(n): 90 80 70 60 50 40 30 20 10 D₁ tos 4 8 12 16 20 24 28 32 36 a. excess supply on 32 unites. b. shortage of 24 unites. c. excess supply on 80 unites. d. excess supply on 16 unites.

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