Table 3-1 Assume That Andia and Zardia Can Switch Between Producing Wheat

question 221

Multiple Choice

Table 3-1
Assume that Andia and Zardia can switch between producing wheat and producing beef at a constant rate.

-Refer to Table 3-1.At which of the following prices would both Andia and Zardia gain from trade with each other?

• A) 6 bushels of wheat for 10.5 pounds of beef
• B) 12 bushels of wheat for 19 pounds of beef
• C) 24 bushels of wheat for 34 pounds of beef
• D) Andia and Zardia could not both gain from trade with each other at any price.

---

Definitions:

Commercial Parking Garage

A facility designed to provide parking space for vehicles on a fee-paying basis, often found in urban areas.

Cultivate Hops

The agricultural practice of growing hops, which are plants used primarily as a flavoring and stability agent in beer.

Market Prices

The prevailing price at which goods, services, or securities are bought and sold in a market.

Brewery

An establishment focused on the production of beer through the fermentation process, which may also serve as a venue for selling and tasting.