2. Introductory Economic Models
PPF - Comparative Advantage and Trade
Multiple Choice
Multiple ChoiceAssume that Joe and Carla will trade Scrambled Eggs and Fresh Squeezed Orange Juice at a rate of 1.2 Eggs for 1 OJ. If Joe's consumption after trade includes six eggs, what will be Carla's consumption after trade?
A
6 Eggs and 6 OJ
B
0 Eggs and 12 OJ
C
6 Eggs and 7 OJ
D
1.2 Eggs and 11 OJ
277
views
1
rank
Related Practice