Multiple Choice
Figure 3-3
Ice cream and cones are measured in kilograms.
-Refer to Figure 3-3. Suppose that Ben and Jerry have both decided to produce at point A on their production possibilities frontiers. What can we infer from this information?
A) that this is not an efficient combination for neither Ben nor Jerry
B) that Ben and Jerry are both allocating 1/2 their time to the production of each good
C) that no other production point is as efficient for both Ben and Jerry to produce as point A
D) that the two must be trading with each other
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Suppose labour in Belize is less productive
Q12: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-4
Q13: Which of the following could benefit Canada?<br>A)
Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q17: Figure 3-5<br>These graphs illustrate the production possibilities
Q18: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2
Q19: Figure 3-6<br>These figures illustrate the production possibilities
Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q21: Figure 3-3<br>Ice cream and cones are measured
Q91: Differences in opportunity cost allow for gains