Which of the following is not a basic question that each economy must answer?
[removed]A) Which resources are scarce?
[removed]B) For whom shall the goods be produced?
[removed]C) How shall goods be produced?
[removed]D) What goods shall be produced?
2. If Kim can either wash 10 cars or wax 2 cars during a day, and Vince can either wash 17 cars or wax 2 cars during a day, then according to the law of comparative advantage,
[removed]A) Vince's opportunity cost of waxing a car is less than Kim's.
[removed]B) their total output can be expanded if Kim specializes in waxing and Vince in washing.
[removed]C) their total output can be expanded if Kim specializes in washing and Vince in waxing.
[removed]D) it would be impossible for Vince and Kim to increase their total output through specialization and mutual exchange.