(Solved): Turkey's Production Possibilities Italy's Production Possibilities Instructions: Round your answe ...

Turkey's Production Possibilities Italy's Production Possibilities Instructions: Round your answers to one decimal place. a. At the current level of production, combination A in Italy and combination B in Turkey, ho many apples and peaches are produced in total? million tons of apples million tons of peaches b. If each nation specializes based on its comparative advantage, how many apples and peaches does each country produce? Italy produces Turkey produces million tons of apples and million tons of apples and million tons of peaches. million tons of peaches. c. If each nation specializes based on its comparative advantage, how many apples and peaches are produced in total? million tons of apples million tons of peaches d. Comparing your answers to part a with part c, specialization will lead to: less apples and more peaches being produced. more apples and less peaches being produced. less apples and less peaches being produced. more apples and more peaches being produced.