211.RefertoFigure3-21.Azerbaijanhasanabsoluteadvantageintheproductionof a.boltsandacomparativeadvantageintheproductionofbolts. b.boltsandacomparativeadvantageintheproductionofnails. c.nailsandacomparativeadvantageintheproductionofbolts. d.nailsandacomparativeadvantageintheproductionofnails. 212.RefertoFigure3-21.IfUzbekistanandAzerbaijanswitchfromeachcountrydividingitstimeequallybetweentheproductionofboltsandnailstoeachcountryspendingallofitstimeproducingthegoodinwhichithasacomparativeadvantage,thentotalproductionwillincreaseby a.5 boltsand10 nails. b.15 bolts and 40nails. c.20 bolts and 50nails. d.30 bolts and 80nails. 213.RefertoFigure3-21.IfUzbekistanandAzerbaijaneachspendsallitstimeproducingthegoodinwhichithasacomparativeadvantageandtradetakesplaceatapriceof12boltsfor36nails,then a.neitherUzbekistannorAzerbaijanwillgainfromthistrade. b.Uzbekistanwillgainfromthistrade,butAzerbaijanwillnot. c.Azerbaijanwillgainfromthistrade,butUzbekistanwillnot. d.bothUzbekistanandAzerbaijanwillgainfromthistrade. 214.RefertoFigure3-21.Withouttrade,Uzbekistanproducedandconsumed12boltsand36nailsandAzerbaijanproducedandconsumed14boltsand24nails.Then,eachcountryagreedtospecializeintheproductionofthegoodinwhichithasacomparativeadvantageandtrade16boltsfor38nails.Asaresult,Uzbekistangained a.2boltsand2 nailsandAzerbaijangained2boltsand18nails. b.4boltsand2 nailsandAzerbaijangained2boltsand14nails. c.14boltsand38nailsandAzerbaijangained16boltsand42nails. d.16boltsand38nailsandAzerbaijangained16boltsand38nails. Figure3-22 AliceandBetty’sProductionPossibilitiesinone8hourday. Alice’sProductionPossibilitiesFrontierBetty’sProductionPossibilitiesFrontier 215.RefertoFigure3-22.WhatareAliceandBetty’sopportunitycostsof1pizza? a.Alice’sopportunitycostof1pizzais1/2ofapitcheroflemonadeandBetty’sopportunitycostof1pizzais2/3ofapitcheroflemonade. b.Alice’sopportunitycostof1pizzais1pitcheroflemonadeandBetty’sopportunitycostof1pizzais3pitchersoflemonade. c.Alice’sopportunitycostof1pizzais2pitchersoflemonadeandBetty’sopportunitycostof1pizzais1.5pitchersoflemonade. d.Alice’sopportunitycostof1pizzais400pitchersoflemonadeandBetty’sopportunitycostof1pizzais450pitchersoflemonade. 216.RefertoFigure3-22.WhatareAliceandBetty’sopportunitycostsof1pitcheroflemonade? […]