Table 3-4 Assume That the Farmer and the Rancher Can Switch Between

Multiple Choice

Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.

-Refer to Table 3-4.The farmer should specialize in the production of

A) meat and the rancher should specialize in the production of potatoes.
B) potatoes and the rancher should specialize in the production of meat.
C) both goods and the rancher should specialize in the production of neither good.
D) neither good and the rancher should specialize in the production of both goods.