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Olivia and Helen produce shirts and ties. The figure shows their PPFs. ✔ 9 Shirts PPF FFF O 10 15 20 25 30 Ties Can Olivia and Helen achieve any gains from specialization and trade? Olivia and Helen can achieve gains from specialization and trade if A. Olivia sells both shirts and ties to Helen in exchange for money B. Helen sells both shirts and ties to Olivia in exchange for money C. Olivia sells shirts to Helen in exchange for some ties produced by Helen O D. Helen sells shirts to Olivia in exchange for some ties produced by Olivia

Olivia and Helen produce shirts and ties. The figure shows their PPFs. ✔ 9 Shirts PPF FFF O 10 15 20 25 30 Ties Can Olivia and Helen achieve any gains from specialization and trade? Olivia and Helen can achieve gains from specialization and trade if A. Olivia sells both shirts and ties to Helen in exchange for money B. Helen sells both shirts and ties to Olivia in exchange for money C. Olivia sells shirts to Helen in exchange for some ties produced by Helen O D. Helen sells shirts to Olivia in exchange for some ties produced by Olivia

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains Rrom Trade
Section: Chapter Questions
Problem 2CQQ
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Question
Olivia and Helen produce shirts and ties. The figure shows their
PPF
s
.
 
 
A graph with ties on the x-axis from 0 to 30 in 5-unit increments and shirts on the y-axis from 0 to 30 in 5-unit increments. There is a downward-sloping line labeled PPF subscript Helen. The line starts at the y-intercept of 25 shirts and ends at the x-intercept of 15 ties. There is another downward-sloping line labeled PPF subscript Olivia. The line starts at the y-intercept of 15 shirts and ends at the x-intercept of 20 ties. These two lines intersect at a point corresponding to 6.8 shirts and 10.9 ties.051015202530051015202530TiesShirts
PPF Subscript OliviaPPFOlivia
PPF Subscript HelenPPFHelen
 
A graph with ties on the x-axis from 0 to 30 in 5-unit increments and shirts on the y-axis from 0 to 30 in 5-unit increments. There is a downward-sloping line labeled PPF subscript Helen. The line starts at the y-intercept of 25 shirts and ends at the x-intercept of 15 ties. There is another downward-sloping line labeled PPF subscript Olivia. The line starts at the y-intercept of 15 shirts and ends at the x-intercept of 20 ties. These two lines intersect at a point corresponding to 6.8 shirts and 10.9 ties.
 
Can Olivia and Helen achieve any gains from specialization and trade?
 
Olivia and Helen can achieve gains from specialization and trade if ________.
Olivia and Helen produce shirts and ties. The figure shows their PPFs. ✔ 9 Shirts PPF FFF O 10 15 20 25 30 Ties Can Olivia and Helen achieve any gains from specialization and trade? Olivia and Helen can achieve gains from specialization and trade if A. Olivia sells both shirts and ties to Helen in exchange for money B. Helen sells both shirts and ties to Olivia in exchange for money C. Olivia sells shirts to Helen in exchange for some ties produced by Helen O D. Helen sells shirts to Olivia in exchange for some ties produced by Olivia
Transcribed Image Text:Olivia and Helen produce shirts and ties. The figure shows their PPFs. ✔ 9 Shirts PPF FFF O 10 15 20 25 30 Ties Can Olivia and Helen achieve any gains from specialization and trade? Olivia and Helen can achieve gains from specialization and trade if A. Olivia sells both shirts and ties to Helen in exchange for money B. Helen sells both shirts and ties to Olivia in exchange for money C. Olivia sells shirts to Helen in exchange for some ties produced by Helen O D. Helen sells shirts to Olivia in exchange for some ties produced by Olivia
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