Question
A country produces books and video games exclusively. In the same time it takes to produce one video game, the country could produce 4 books.
A country produces books and video games exclusively. In the same time it takes to produce one video game, the country could produce 4 books. If the country currently produces 800 books and 200 video games but would like to consume a combination of 100 video games and 1,400 books, which of the following is true?
It is impossible for the country to consume a combination of 100 video games and 1,400 books.
This is only possible if the country produces 600 more books and 100 fewer video games itself.
The country might consume 100 video games and 1,400 books following trade.
The country can produce 600 more books and 100 fewer video games itself, or it can engage in trade.
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