Question: Use the following to answer question 3: Table: The Production Possibilities for Cars and Leather Boots Leather Boots Country Cars (in thousands of pairs) United


Use the following to answer question 3: Table: The Production Possibilities for Cars and Leather Boots Leather Boots Country Cars (in thousands of pairs) United States 80 40 Mexico 60 30 3. (Table: The Production Possibilities for Cars and Leather Boots) Look at the table The Production Possibilities for Cars and Leather Boots. Given the opportunity costs of production: A) there is no basis for trade. B) Mexico should specialize in boots. C) the United States should specialize in cars. D) the United States should specialize in both goods, and Mexico should not produce either good
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