Multiple Choice
Consider the following scenario to answer the next four questions: Two friends, Rachel and Joey, enjoy baking bread and making apple pies. Rachel takes two hours to bake 1 loaf of bread and one hour to make 1 pie. Joey takes four hours to bake 1 loaf of bread and four hours to make 1 pie.
-Specialization and trade allow individuals to:
A) consume outside their own production possibilities frontier (PPF) .
B) shift their PPF outward.
C) produce more goods with less technology.
D) eliminate scarcity.
E) produce fewer goods with less technology.
Correct Answer:

Verified
Correct Answer:
Verified
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