Question

100 pts

The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.


Corn

Diamonds

United States

60

10

Congo

20

5



Which statement is true based on the data table?
The United States should specialize in diamonds and trade for corn.
The United States should specialize in corn and trade for diamonds.
Congo should specialize in corn and trade for diamonds.
Congo should specialize in both corn and in diamonds.

Answer 1

In view of the units of corn and precious stones delivered by the US, the open-door cost of creating corn is B. 10⁄60.

What is the open-door cost of delivering corn?

The open-door cost of delivering corn to the US would be the number of precious stones that are surrendered to make one unit of corn.

This can be found as:

= Units of jewels/Units of corn

= 10/60 jewels

All in all, choice B is right.

Answer 2

B) The United States should specialize in corn and trade for diamonds.

Step-by-step explanation:

I got it right on the test