This Table Shows the Different Combinations of Goods That Jack

question 70

Multiple Choice

This table shows the different combinations of goods that Jack can consume,given that his income to spend on these two items is $10.Considering the information in the table shown,if Jack's income to spend on these two items were to increase to $16:

• A) he could afford to buy 16 popsicles and 8 ice cream cones.
• B) he could afford to buy either 16 popsicles or 8 ice cream cones.
• C) he could afford to buy 8 ice cream cones and 4 popsicles.
• D) None of these is true.

---

Definitions:

World Price

The international market price of a good or service, influenced by global supply and demand conditions, relevant in international trade contexts.

Imported Apples

Apples that are brought into a country from abroad for sale.

United States

A country located in North America consisting of 50 states, known for its large economy and diverse population.

Free Trade

A policy regime in which governments do not restrict imports from, or exports to, other countries through tariffs, quotas, or other trade barriers.