Question: Question 1 ( 4 points ) Assume that one day s labor in Argentina can produce either 2 0 units of cloth or 2 units

Question 1(4 points)
Assume that one days labor in Argentina can produce either 20 units of cloth or 2 units of wine, while in Chile one days labor can produce either 24 units of cloth or 12 units of wine. If Argentina transfers 2 units of labor from wine to cloth and Chile transfers 1 unit of labor from cloth to wine, the increase in combined output by those two workers will be:
Question 1 options:
16 wine; 8 cloths
16 wine; 16 cloths
12 wine; 12 cloths
8 wine; 16 cloths

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