Table 3-9 Summary of the Gains from Trade

question 87

Multiple Choice

Table 3-9 Summary of the Gains from Trade
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-Refer to Table 3-9. 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 9 pitchers of lemonade and 12 pizzas, while Betty gains 12 pitchers of lemonade and 7 pizzas.
• B)Alice gains 200 pitchers of lemonade and 100 pizzas, while Betty gains 180 pitchers of lemonade and 180 pizzas.
• C)Alice gains 12 pitchers of lemonade and 7 pizzas, while Betty gains 9 pitchers of lemonade and 9 pizzas.
• D)Alice gains 112 pitchers of lemonade and 0 pizzas, while Betty gains 0 pitchers of lemonade and 300 pizzas.

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Definitions:

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To explain the meaning or significance of something, particularly data or statistical results.

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