AP Macroeconomics › How to use tables
Countries A & B can produce the following maximum quantities of cars and computers (when they use all their resources to produce one of the goods):
Country A: 500 computers OR 200 cars
Country B: 300 computers OR 100 cars
If these countries were to trade, which of the following options give the trade outcomes that would result?
Countries A & B can produce the following maximum quantities of cars and computers (when they use all their resources to produce one of the goods):
Country A: 500 computers OR 200 cars
Country B: 300 computers OR 100 cars
If these countries were to trade, which of the following options give possible terms of trade?
Countries A & B can produce the following maximum quantities of cars and computers (when they use all their resources to produce one of the goods):
Country A: 500 computers OR 200 cars
Country B: 300 computers OR 100 cars
Which of the following is true about their trade potential?