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Exhibit 2-9 Alex Adam Good A Good B Good A Good B 0 300 0 160 25 225 30 120 50 150 60 80 75
Exhibit 2-9
Alex | Adam | ||
Good A | Good B | Good A | Good B |
0 | 300 | 0 | 160 |
25 | 225 | 30 | 120 |
50 | 150 | 60 | 80 |
75 | 75 | 90 | 40 |
100 | 0 | 120 | 0 |
Refer to Exhibit 2-9. If Alex and Adam each specialize in the good in which he has a comparative advantage and then engage in trade, ____________________ can consume a combination of goods that lies beyond his PPF (Production Possibilities Frontier).
Group of answer choices
Alex, but not Adam,
Adam, but not Alex
Alex and Adam
neither Alex nor Adam
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