Question: 20. 21. Two small island economies, Niue and Pitcairn, produce two tropical fruits, mangos and jackfruit. Niue can produce 60 mangos per hour or 30 jackfruit per hour. Pitcairn can produce 20 mangos per hour or 25 jackfruit per hour. Based on the scenario, which of the following is true? a. b. C. d. e. b. C. Based on the scenario, Pitcairn has a. d. PitcairnSee the answerSee the answerSee the answer done loadingShow transcribed image textTranscribed image text: 20. 21. Two small island economies, Niue and Pitcairn, produce two tropical fruits, mangos and jackfruit. Niue can produce 60 mangos per hour or 30 jackfruit per hour. Pitcairn can produce 20 mangos per hour or 25 jackfruit per hour. Based on the scenario, which of the following is true? a. b. C. d. e. b. C. Based on the scenario, Pitcairn has a. d. Pitcairn has a comparative advantage in mangos. e. Niue has a comparative advantage in mangos. Niue has a comparative advantage in jackfruit. Niue will specialize in the production of jackfruit with trade. There are no potential gains from trade, because opportunity costs are identical for both countries. a comparative advantage in producing mangos. a comparative advantage in producing jackfruit. a comparative advantage in producing both goods. a comparative advantage in producing neither good. None of the statements are correct. Based on the scenario, which of the following is true? a. b. C. d. e. Based on the scenario, Niue’s opportunity cost of one mango is a. three one and a half one-third of a b. C. d. Pitcairn’s opportunity cost of a jackfruit is one mango. Pitcairn’s opportunity cost of a mango is four-fifths of a jackfruit. Niue’s opportunity cost of a jackfruit is two mangos. Niue’s opportunity cost of a mango is one-third of a jackfruit. Niue and Pitcairn have the same opportunity cost of mangos. e. two one-half of a jackfruit. Based on the scenario, Niue’s opportunity cost of one jackfruit is mango(s). a. b. C. d. e. one-third of a one three two one-half of a Based on the scenario, Pitcairn’s opportunity cost of one mango is jackfruit. a. b. C. d. e. b. Based on the scenario, Pitcairn’s opportunity cost of one jackfruit is mango(s). a. C. d. four-fifths of a O four five one and a fourth one and a half one and a fourth four-fifths of a one four five Based on the scenario, what most likely will occur if these two countries engage in trade with each other? a. Total joint output will be 60 jackfruit and 40 mangos. b. C. d. e. Total joint output will be 25 jackfruit and 60 mangos. Niue will specialize in the production of jackfruit. Pitcairn will produce only mangos. Niue will produce 30 mangos and 15 jackfruit.
