QUESTION 2 Table 9-2 Pies 15 12 Sarita and Gabriel own S&G Bakery. Table 9-2 lists...

      

Transcribed Image Text:

QUESTION 2 Table 9-2 Pies 15 12 Sarita and Gabriel own S&G Bakery. Table 9-2 lists the number of pies and cakes Sarita and Gabriel can each bake in one day. Sarita Gabriel M Cakes 25 16 Refer to Table 9-2. Select the statement that accurately interprets the data in the table. O Gabriel has a greater opportunity cost than Sarita for baking ples. O Gabriel's opportunity cost for baking cakes and baking pies are both greater than Sarita's. O Sarita's opportunity cost for baking cakes is less than Gabriel's Sarita has a greater opportunity cost than Gabriel for baking cakes. QUESTION 4 Table 9-3 A Candles Soap 150 450 Bryce Tina 200 450 Bryce and Tina are artisans who produce homemade candles and soap. Table 9-3 lists the number of candles and bars of soap Bryce and Tina can each produce in one month. Refer to Table 9-3. Select the statement that accurately interprets the data in the table. O Bryce has a comparative advantage in making candles and making soap. Bryce has a comparative advantage in making candles. Tina has a comparative advantage in making candles. Bryce has an absolute advantage in making soap. QUESTION 12 Table 9-6 Output per hour of work Clocks Derumark 6 Belize Hats 3 Production and Consumption without Trade Clocko 900 150 Hats 150 100 Clocks 1.200 10 Production with Trade Hats 10 400 Denmark and Belize can produce both clocks and hats. Each country has a total of 200 available labor hours for the production of clocks and hats. Table 9-6 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade. Refer to Table 9-6. if the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many clocks will Belize gain compared to the "without trade" numbers? -100 100 120 Ⓒ250 QUESTION 2 Table 9-2 Pies 15 12 Sarita and Gabriel own S&G Bakery. Table 9-2 lists the number of pies and cakes Sarita and Gabriel can each bake in one day. Sarita Gabriel M Cakes 25 16 Refer to Table 9-2. Select the statement that accurately interprets the data in the table. O Gabriel has a greater opportunity cost than Sarita for baking ples. O Gabriel's opportunity cost for baking cakes and baking pies are both greater than Sarita's. O Sarita's opportunity cost for baking cakes is less than Gabriel's Sarita has a greater opportunity cost than Gabriel for baking cakes. QUESTION 4 Table 9-3 A Candles Soap 150 450 Bryce Tina 200 450 Bryce and Tina are artisans who produce homemade candles and soap. Table 9-3 lists the number of candles and bars of soap Bryce and Tina can each produce in one month. Refer to Table 9-3. Select the statement that accurately interprets the data in the table. O Bryce has a comparative advantage in making candles and making soap. Bryce has a comparative advantage in making candles. Tina has a comparative advantage in making candles. Bryce has an absolute advantage in making soap. QUESTION 12 Table 9-6 Output per hour of work Clocks Derumark 6 Belize Hats 3 Production and Consumption without Trade Clocko 900 150 Hats 150 100 Clocks 1.200 10 Production with Trade Hats 10 400 Denmark and Belize can produce both clocks and hats. Each country has a total of 200 available labor hours for the production of clocks and hats. Table 9-6 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade. Refer to Table 9-6. if the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many clocks will Belize gain compared to the "without trade" numbers? -100 100 120 Ⓒ250

Answer rating: 100% (QA)

Question Q2 Gabriel has a greater opportunity cost than Sarita for baking pies Gabriel has a com... View the full answer