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Figure 3-3 Ice Cream and Cones Are Measured in Kilograms

Question 44

Multiple Choice

Figure 3-3
Ice cream and cones are measured in kilograms. Figure 3-3 Ice cream and cones are measured in kilograms.   -Refer to Figure 3-3. Suppose Ben and Jerry were both producing at point A on their production possibilities frontier and then Ben decided he would be willing to trade 4 kg of cones to get 2 kg of ice cream from Jerry. If both decided to specialize in what they had a comparative advantage in and trade, what would be the gains from trade? A)  1 kg of cones for Ben and 1 kg of ice cream for Jerry B)  1 kg of ice cream for Ben and 1 kg of cones for Jerry C)  2 kg of ice cream for Ben and 2 kg of cones for Jerry D)  2 kg of ice cream for Ben and 1 kg of cones for Jerry
-Refer to Figure 3-3. Suppose Ben and Jerry were both producing at point A on their production possibilities frontier and then Ben decided he would be willing to trade 4 kg of cones to get 2 kg of ice cream from Jerry. If both decided to specialize in what they had a comparative advantage in and trade, what would be the gains from trade?


A) 1 kg of cones for Ben and 1 kg of ice cream for Jerry
B) 1 kg of ice cream for Ben and 1 kg of cones for Jerry
C) 2 kg of ice cream for Ben and 2 kg of cones for Jerry
D) 2 kg of ice cream for Ben and 1 kg of cones for Jerry

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