If each country specializes in the production of what it does best and trades with the other, what is the combined output?

		60 bread and 60 dates.
		20 bread and 20 dates.
		40 bread and 40 dates.
		30 bread and 30 dates.

2. Which of the following statements concerning capitalism and socialism is false?

		There is more economic planning in a socialist economy.
		The Canadian economy is more socialist than is the US economy.
		Government plays a larger role in a capitalist economy.
		Finland is more of a socialist economy than is China.

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1 c 40 bread and 40 dates Each country specializes in ... View the full answer