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Exhibit 34-1 Country A Country B Good X Good Y Good X Good Y 90 0 30 0 60 30 20 20 30 60 10

Exhibit 34-1 Country A Country B Good X Good Y Good X Good Y 90 0 30 0 60 30 20 20 30 60 10 40 0 90 0 60 Refer to Exhibit 34-1. If country A is to specialize in the production of one of the two goods (and then trade that good with Country B), which good should it be and why? If Country B is to specialize in the production of one of the two goods (and then trade that good to with Country A), which good should it be and why? Group of answer choices Good Y for Country A because it is the lower opportunity cost producer of good Y; good X for Country B because it is the lower opportunity cost producer of good X. Good Y for Country A because it is the higher opportunity cost producer of good Y; good X for Country B because it is the higher opportunity cost producer of good X. Good X for Country A because it is the lower opportunity cost producer of good X; good Y for Country B because it is the lower opportunity cost producer of good Y. Good X for Country A because it is the higher opportunity cost producer of good X; good Y for Country B because it is the higher opportunity cost producer of good Y

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