Table 3-4 Assume That the Farmer and the Rancher Can Switch Between

question 85

Multiple Choice

Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.

-Refer to Table 3-4.Without trade,the farmer produced and consumed 3 pounds of meat and 5 pounds of potatoes and the rancher produced and consumed 4 pounds of meat and 3 pounds of potatoes.Then,each person agreed to specialize in the production of the good in which they have a comparative advantage and trade 4 pounds of meat for 8 pounds of potatoes.As a result,the farmer gained

• A) 1 pound of meat and 3 pounds of potatoes and the rancher gained 0 pounds of meat and 5 pounds of potatoes.
• B) 1 pound of meat and 7 pounds of potatoes and the rancher gained 2 pounds of meat and 5 pounds of potatoes.
• C) 4 pounds of meat and 8 pounds of potatoes and the rancher gained 4 pounds of meat and 8 pounds of potatoes.
• D) 4 pounds of meat and 12 pounds of potatoes and the rancher gained 6 pounds of meat and 8 pounds of potatoes.

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Definitions:

Dipole Moment

A measure of the separation of positive and negative charges in a molecule, indicating its polarity.

Two-phase System

A system made up of two immiscible (non-mixing) liquids or a liquid and a solid, in which chemical reactions can occur at the interface.

Dichloromethane

A volatile, colorless liquid organic compound with the chemical formula CH2Cl2, used as a solvent and paint remover.

Molecular Dipole Moment

A measure of the separation of positive and negative electrical charges within a molecule, influencing molecular interactions.