Multiple Choice
Table 3-2
-Refer to Table 3-2. How could the Farmer and Rancher both benefit?
A) By the Farmer specializing in meat and the Rancher specializing in potatoes.
B) By the Farmer specializing in potatoes and the Rancher specializing in meat.
C) By the Farmer specializing in neither good and the Rancher specializing in both goods.
D) They cannot benefit by specialization and trade.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Which of the following is NOT true
Q6: Table 3-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-6
Q7: A rancher can produce only hamburgers, while
Q8: Figure 3-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-6
Q9: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-3
Q12: If labour in Mexico is less productive
Q13: Table 3-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-5
Q14: Using all available resources, if a farmer
Q15: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-1
Q18: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2