If Tom and Abby specialize and trade 15 balls for 1 racket, what are the gains from trade?  Table 1 shows the PPF of an island community. Choose the best statement. A. This community has enough...


If Tom and Abby specialize and trade 15 balls for 1 racket, what are the


gains from trade?


 Table 1 shows the PPF of an island community. Choose the best statement.


A. This community has enough resources to produce 2 pounds of fish and


36 pounds of berries.


B. This community cannot produce 2 pounds of fish and 36 pounds of


berries because this combination is inefficient.


C. This community will waste resources if it produces 2 pounds of fish and


22 pounds of berries.


D. This community can produce 2 pounds of fish and 30 pounds of berries


but this combination is inefficient.



May 26, 2022
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