This preview shows page 1. Sign up to view the full content.
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....
View Full Document
- Fall '08