47) The following production possibilities schedule shows the quantities of wheat and rice that can each...

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47) The following production possibilities schedule shows the quantities of wheat and rice that can each be produced in Canada and India with one unit of equivalent resources. Canada India Wheat (bushels) 13 Rice (bushels) 5 6 13 TABLE 32-2 Refer to Table 32 - 2. If Canada were to transfer one unit of resources from rice to wheat production and if one unit of Indian resources were switched from wheat to rice production, A) both total wheat and total rice production would increase by 7 bushels. B) total rice production would increase by 18 bushels. C) total wheat production would decrease by 13 bushels. D) total rice output would decrease by 8 bushels. E) total wheat production would increase by 7 bushels. 47) The following production possibilities schedule shows the quantities of wheat and rice that can each be produced in Canada and India with one unit of equivalent resources. Canada India Wheat (bushels) 13 Rice (bushels) 5 6 13 TABLE 32-2 Refer to Table 32 - 2. If Canada were to transfer one unit of resources from rice to wheat production and if one unit of Indian resources were switched from wheat to rice production, A) both total wheat and total rice production would increase by 7 bushels. B) total rice production would increase by 18 bushels. C) total wheat production would decrease by 13 bushels. D) total rice output would decrease by 8 bushels. E) total wheat production would increase by 7 bushels.

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Answer To solve this problem we can calculate the changes in production for both ... View the full answer