The Accompanying Figures Depict the Production Possibilities Frontiers (PPFs) for Two

question 17

Multiple Choice

The accompanying figures depict the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time between making pizzas and making stromboli. If Jim and Pam were to specialize and trade, at what exchange rate would they find some quantity of trade to be mutually beneficial?

• A) 3 pizzas for 1 stromboli
• B) 1 pizza for 1 stromboli
• C) 10 pizzas for 2 stromboli
• D) 1 pizza for 1/2 stromboli
• E) 1 pizza for 1/4 stromboli

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Definitions:

Public Law

A branch of law that deals with the relationship between individuals and the government, including administrative law, constitutional law, and criminal law.

Plea Bargain

An agreement in a criminal case between the prosecutor and defendant, wherein the defendant agrees to plead guilty to a lesser charge or to the original criminal charge in return for some concession from the prosecutor.

Burglary

The unlawful entry into a building or other location with the intention to commit theft or any felony.

Trespassing

Unlawfully entering or remaining on someone else’s property without permission, which can result in legal consequences.