Ross and Rachel produce clay pots and garden gnomes. The first table shows Ross's production possibilities and the second table shows Rachel's production possibilities. Each week, Ross produces 4 clay pots and 32 garden gnomes and Rachel produces 8 clay pots and 4 garden gnomes.

Ross's Production Possibilities

Clay Pots (per week)

Garden Gnomes (per week)

20

0

16

8

12

16

8

24

4

32

0

40

Rachel's Production Possibilities

Clay Pots (per week)

Garden Gnomes (per week)

16

0

8

4

0

8

6.Using FACT #1, what is Ross's opportunity cost of producing 1 clay pot? What is Ross's opportunity cost of producing 1 garden gnome?

A)8 garden gnomes; clay pots.

B)garden gnomes; 8 clay pots.

C)2 garden gnomes; clay pots.

D)garden gnomes; 2 clay pots.

7.Using FACT #1, what is Rachel's opportunity cost of producing 1 clay pot? What is Rachel's opportunity cost of producing 1 garden gnome?

A)8 garden gnomes; clay pots.

B)garden gnomes; 8 clay pots.

C)2 garden gnomes; clay pots.

D)garden gnomes; 2 clay pots.

8.Using FACT #1, who has the comparative advantage in producing garden gnomes? Who has the comparative advantage in producing clay pots?

A)Ross; Rachel.

B)Ross; Ross.

C)Rachel; Ross.

D)Rachel; Rachel.

9.Using FACT #1, what are the overall net gains from specialization and trade?

A)16 clay pots and 40 garden gnomes.

B)4 clay pots and 4 garden gnomes.

C)8 clay pots and 4 garden gnomes.

D)8 clay pots and 20 garden gnomes.