Table 3-19 Summary of the Gains from Trade

question 447

Multiple Choice

Table 3-19 Summary of the Gains from Trade
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-Refer to Table 3-19. The values in the table represent the amounts of lemonade and pizzas that Alice and Betty can produce in one week without and with specialization and trade. What are Alice and Betty's gains from specialization and trade?

• A)Alice gains 7 pitchers of lemonade and 10 pizzas, while Betty gains 13 pitchers of lemonade and 10 pizzas.
• B)Alice gains 200 pitchers of lemonade and 100 pizzas, while Betty gains 180 pitchers of lemonade and 180 pizzas.
• C)Alice gains 207 pitchers of lemonade and 110 pizzas, while Betty gains 193 pitchers of lemonade and 190 pizzas.
• D)Alice gains 400 pitchers of lemonade and 0 pizzas, while Betty gains 0 pitchers of lemonade and 300 pizzas.

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Definitions:

Sensory Input

Information received by the senses (sight, hearing, smell, taste, and touch) that is then processed by the brain to understand and interact with the environment.

Brain Structure

The arrangement of the various parts of the brain, including its cells and tissues, which is responsible for its functions and capabilities.

Parietal Lobe

One of the four major lobes of the brain, located at the upper back area in the skull, which processes sensory information such as touch, temperature, and pain.

Emotional Experience

The personal feelings or emotions one undergoes in response to external stimuli or internal thoughts.