Table 3-33 Chris and Tony's Production Opportunities

question 170

Multiple Choice

Table 3-33
Chris and Tony's Production Opportunities
-Refer to Table 3-33 Chris and Tony both produce tomatoes and pasta sauce. The table shows their possible production per month if both work the same number of 8 hour days. If Chris and Tony both decide to specialize and produce only the good in which they have a comparative advantage, then

• A)Chris will produce only sauce and Tony will produce only tomatoes.
• B)Chris will produce only tomatoes and Tony will produce only sauce.
• C)Both Chris and Tony will produce only sauce.
• D)Both Chris and Tony will produce only tomatoes.

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Definitions:

Alternate Solutions

Different options or approaches available to solve a problem or achieve a goal.

Baby Boomers

The generation born between 1946 and 1964.

Consumer Spending

The total amount of money spent by households and individuals on goods and services.

DR-CAFTA

The Dominican Republic-Central America Free Trade Agreement, a treaty aimed at creating free trade zones between the United States and several Central American countries, promoting trade and economic growth.