A rancher can produce only hamburgers, while a farmer can produce only French fries. If the rancher and the farmer like both foods, which of the following is most likely?
A) They cannot gain from trade.
B) They could gain from trade under certain circumstances, but not always.
C) They could gain from trade because each would enjoy a greater variety of food.
D) They could gain from trade only if each were indifferent between hamburgers and French fries.
Correct Answer:
Verified
Q1: Table 3-1 Q3: Table 3-1 Q4: Table 3-1 Q4: If there is trade, which of the Q6: If labour in Mexico is less productive Q7: What is the difference between production possibilities Q8: Which of the following is NOT correct? Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)Trade
