Unformatted text preview: Smithland and Ricardoville: a) can reach this total level of production only if both countries use all of their resources efficiently. b) cannot reach this total level of production, even if they use all of their resources efficiently. c) can reach this total level production even if there exists some unemployment or inefficient use of resources in their countries. d) There is not enough information available to determine whether or not Smithland and Ricardoland could reach this level of combined output....
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This homework help was uploaded on 04/07/2008 for the course ECON 252 taught by Professor Robertholand during the Fall '08 term at Purdue.
- Fall '08