Consider Two Individuals - Marquis and Serena - Each of Whom

question 31

Multiple Choice

Consider two individuals - Marquis and Serena - each of whom would like to wear sweaters and eat tasty food.The gains from trade between Marquis and Serena are most obvious in which of the following cases?

• A)Marquis is very good at knitting sweaters and at cooking tasty food,but Serena's skills in both of these activities are very poor.
• B)Marquis and Serena both are very good at cooking tasty food,but neither has the necessary skills to knit a sweater.
• C)Marquis's cooking and knitting skills are very poor,and Serena's cooking and knitting skills are also very poor.
• D)Marquis's skills are such that he can produce only sweaters,and Serena's skills are such that she can produce only tasty food.

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Definitions:

Test Statistic

A calculated value from the data that is used in statistical testing to determine whether to reject the null hypothesis.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation, which can be tested through experimentation and observation.

National Hockey League

A professional ice hockey league in North America, composed of teams from the United States and Canada.

Winning Percent

The ratio of wins to total games or matches played, typically expressed as a percentage.