Ans: 16m Autos and 18m tons of Rice
Explanation:
In a PPF, when the production of one product increases, the production of another product decreases.
In option (a), production of both the goods decreases. So, it is incorrect.
In option (b), production of rice increases, keeping production of as unchanged. So, it is incorrect.
In option (c), production of auto increases and production of rice decreases. So, it is correct.
In option (d), production of both the goods increases. So, it is incorrect.
Assume that a country produces two goods, Autos and Rice. The combination 10m Autos and 40m...
QUESTION 9 When a country a produces on its production possibilities frontier involving two goods, then trade with other countries can be beneficial if it specializes in the production of the good in which it has a comparative disadvantage True False
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