Using the Figure Above,if Jack and Jill Specialize and Gain

question 188

Multiple Choice

Using the figure above,if Jack and Jill specialize and gain from trade,then

• A) Jack produces equal amounts of gallons of water and bottled water.
• B) Jack specializes in the production of bottled water.
• C) Jack and Jill produce beyond their PPF.
• D) Jack specializes in the production of soda.
• E) Jack specializes on the production of soda and water.

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Definitions:

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