Multiple Choice
Use the information below to answer the following questions.
Fact 2.3.1
In an eight- hour day, Andy can produce either 24 loaves of bread or 8 kilograms of butter.In an eight- hour day, Rolfe can produce either 8 loaves of bread or 8 kilograms of butter.
-Given Fact 2.3.1, Andy and Rolfe
A) can gain from trade if Andy specializes in bread production and Rolfe specializes in butter production.
B) can trade, but only Rolfe will gain.
C) cannot gain from trade.
D) can trade, but only Andy will gain.
E) can gain from trade if Andy specializes in butter production and Rolfe specializes in bread production.
Correct Answer:
Verified
Correct Answer:
Verified
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