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nt/B59679/viewContent/8474311Niew Refer to Figure One to answer questions 1- 5 i. From Figure One below, we can deduce that production in both countries occurs under

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nt/B59679/viewContent/8474311Niew Refer to Figure One to answer questions 1- 5 i. From Figure One below, we can deduce that production in both countries occurs under a. increasing cost b. constant cost c. decreasing cost d. cannot be determined from the information given 2. The opportunity cost of one car in Country M is a. 3 units of textiles b. 1/3 unit of textiles c. 2 units of textiles d. 1/2 unit of textiles 3. Country N has the comparative advantage in a. textiles b. cars. e. both cars and textiles ~ (1. cannot be determined from the information given 4. If these two nations DO NOT engage in trade, the maximum amount of cars available for consumption in Country M is (i.e., the vertical-axis intercept of its CPleo trade) a. 10 units of cars - . b. 15 units of cars a c. 20 units of cars d. 30 units of cars . e. ' cannot be determined from the information given

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