Asked by Grace Hummel on Jul 22, 2024
Verified
Refer to Figure 3-4. If point A represents Alvina's production and point B represents Betty's production,
A) Alvina produces 200 pitchers of lemonade and 100 pizzas while Betty produces 180 pitchers of lemonade and 180 pizzas.
B) Alvina produces 180 pitchers of lemonade and 180 pizzas while Betty produces 200 pitchers of lemonade and 100 pizzas.
C) Alvina produces 100 pitchers of lemonade and 200 pizzas while Betty produces 180 pitchers of lemonade and 180 pizzas.
D) Only Alvina can benefit from specialization and trade.
Specialization
Concentration of production on a limited range of goods or services to increase efficiency and productivity, often leading to increased trade between economies.
Lemonade
A sweetened beverage made from lemon juice, water, and sugar, often served cold.
Pizzas
A savory dish of Italian origin, consisting of a round, flattened base of leavened wheat-based dough topped with tomatoes, cheese, and often various other ingredients, baked at a high temperature, traditionally in a wood-fired oven.
- Understand diagrams representing economic models tied to commerce and production activities.
- Review the effects of specialization and comparative advantage within the trading sphere.
Verified Answer
SM
Sesethu MdladlambaJul 27, 2024
Final Answer :
A
Explanation :
Without access to Figure 3-4, the correct answer is determined based on the information provided in the choices. Choice A accurately describes the production outputs for Alvina and Betty, assuming point A represents Alvina's production of a lower quantity of lemonade and a higher quantity of pizzas compared to Betty's production at point B, which indicates a higher quantity of lemonade and a lower quantity of pizzas.
Learning Objectives
- Understand diagrams representing economic models tied to commerce and production activities.
- Review the effects of specialization and comparative advantage within the trading sphere.