Using the Figure Above,suppose with No Trade Liz and Joe

question 101

Multiple Choice

Using the figure above,suppose with no trade Liz and Joe each produce at point A on their respective PPFs.Then,Joe suggests that they specialize and trade.He would produces only salads and Liz would produce only smoothies.Then,Joe says,he would buy 16 smoothies from Liz at a price of 1.5 salads per smoothie.Liz should

• A) accept Joe's offer since she will gain 4 smoothies and 4 salads.
• B) accept Joe's offer as she will be as well off as with no trade.
• C) not accept Joe's offer as the price he offers is too low for her to gain from trade.
• D) not accept Joe's offer since she would lose 2 smoothies and 2 salads.
• E) accept Joe's offer since she will gain 4 salads.

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Definitions:

Parallel Circuits

Circuits that contain more than one path for current flow.

Current Dividers

A circuit that is constructed to produce a specific amount of current flow through a branch.

Parallel Circuit

A parallel circuit is an electrical circuit where components are connected across common points or junctions, providing multiple paths for current to flow.

150 Ω

A specific value of electrical resistance, indicating a medium level of resistance in electronic components or circuits.