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23. Nepalese production of carpets (C) and bottled water (B) is described by the following production possibility curve: C =5,000,000 - 0.4*B If the Nepalese

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23. Nepalese production of carpets (C) and bottled water (B) is described by the following production possibility curve: C =5,000,000 - 0.4*B If the Nepalese economy produces 1,000,000 carpets, how many units of bottled water would Nepal produce if it were to fully utilize its resources in production? a. 1,000,000 units b. 3,000,000 units c. 7,000,000 units d. 10,000,000 units 24. Nepalese production of carpets (C) and bottled water (B) is described by the following production possibility curve: C = 5,000,000 - 0.4*B What is the Nepalese economy's maximum possible production of bottled water? a. 2,000,000 units b. 5,000,000 units c. 10,000,000 units d. 12,500,000 units Table 3 South Africa Exports ($billions) Imports ($billions) Diamonds 5 0.5 Rice 0 0.5 Cars 5 2 25. Please consult Table 3 above. In South Africa, the product with the highest intra-industry trade (IIT) share is and the product with the lowest IIT share is a. "Cars; rice b. Cars; diamonds C. Rice; cars d. Diamonds; rice

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