Figure 3-3 Ice Cream Is Measured in Kilograms

question 97

Multiple Choice

Figure 3-3
Ice cream is measured in kilograms.
-Refer to Figure 3-3. Ben and Jerry were currently both producing at point A on their production possibilities frontier and then Ben decided he would be willing to trade 4 pounds of cones to get 2 pounds of ice cream from Jerry. If both decided to specialize in what they had a comparative advantage in and trade, what would be the gains from trade?

• A)1 pound of cones for Ben and 1 pound of ice cream for Jerry.
• B)1 pound of ice cream for Ben and 1 pound of cones for Jerry.
• C)2 pounds of ice cream for Ben and 2 pounds of cones for Jerry.
• D)2 pounds of ice cream for Ben and 1 pound of cones for Jerry.

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Definitions:

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Classical conditioning of an involuntary response or emotion by watching the reaction of another person.

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