Figure 3-3 Ice Cream and Cones Are Measured in Kilograms

question 44

Multiple Choice

Figure 3-3
Ice cream and cones are measured in kilograms.
-Refer to Figure 3-3. Suppose Ben and Jerry were both producing at point A on their production possibilities frontier and then Ben decided he would be willing to trade 4 kg of cones to get 2 kg of ice cream from Jerry. If both decided to specialize in what they had a comparative advantage in and trade, what would be the gains from trade?

• A) 1 kg of cones for Ben and 1 kg of ice cream for Jerry
• B) 1 kg of ice cream for Ben and 1 kg of cones for Jerry
• C) 2 kg of ice cream for Ben and 2 kg of cones for Jerry
• D) 2 kg of ice cream for Ben and 1 kg of cones for Jerry

Understand the importance of setting correct network profiles and permissions to ensure functionality and security.

Understand the implementation and management of IT security measures.

Recognize the different scripting languages and their appropriate contexts for use.

Identify remote access tools and techniques.

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Definitions:

Balance Sheet

The balance sheet is a financial statement that provides a snapshot of a company's financial position, listing assets, liabilities, and shareholders' equity at a specific point in time.

Purchases Returns and Allowances

Transactions where buyers return goods to the seller or receive a reduction in the selling price, decreasing the cost of purchases.

Sales Discounts

Reductions applied to the sale price as an incentive or for early payment.

Perpetual Inventory System

The inventory system of a company that keeps a continuous (perpetual) record of inventory on hand and of the cost of goods sold.