Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. From the table, we can conclude that:
A. Willy should specialize in carrots and trade for apples.
B. Willy should specialize in apples and trade for carrots.
C. Blithe should specialize in both goods.
D. Willy should specialize in both goods.
Answer:A
Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. From the table, we can conclude that:
A. Willy should specialize in carrots and trade for apples. B. Willy should specialize in apples and trade for carrots. C. Blithe should specialize in both goods. D. Willy should specialize in both goods.