Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. From the table, we can conclude that:if Willy and Blythe choose to specialize and trade, then:
A. Willy will specialize in apples and trade apples for carrots.
B. Willy will specialize in carrots and trade carrots for apples.
C. Blythe will specialize in carrots and trade carrots for apples.
D. None of the above; specialization and trade are not beneficial for Willy and Blythe.
Answer:B
Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. From the table, we can conclude that:if Willy and Blythe choose to specialize and trade, then:
A. Willy will specialize in apples and trade apples for carrots. B. Willy will specialize in carrots and trade carrots for apples. C. Blythe will specialize in carrots and trade carrots for apples. D. None of the above; specialization and trade are not beneficial for Willy and Blythe.