Table 3-3

-Refer to Table 3-3.How could Helen and Carolyn both benefit?
A)by Helen specializing in dresses and Carolyn specializing in quilts
B)by Helen specializing in neither good and Carolyn specializing in both goods
C)by Helen specializing in quilts and Carolyn specializing in dresses
D)by Helen specializing in both goods and Carolyn specializing in neither good

Question

Table 3-3
 
-Refer to Table 3-3.How could Helen and Carolyn both benefit?
A)by Helen specializing in dresses and Carolyn specializing in quilts 
B)by Helen specializing in neither good and Carolyn specializing in both goods 
C)by Helen specializing in quilts and Carolyn specializing in dresses 
D)by Helen specializing in both goods and Carolyn specializing in neither good

Quizplus · Accepted Answer

Helen would specialize in quilts and Carolyn would specialize in dresses, allowing both of them to focus on their areas of expertise and increase their productivity and efficiency. This would ultimately lead to higher quality products and potentially increased sales. Specialization is a key factor in trade and can lead to mutual gains for all parties involved. Option A and D would not result in as clear of a division of labor and could lead to inefficiencies or lower quality products. Option B is not a viable solution as both individuals need to specialize in a particular area to fully benefit from the advantages of trade.

Table 3-3 -Refer to Table 3-3.How Could Helen and Carolyn Both Benefit