Solved

Suppose That Workers in Transylvania Can Produce Only Two Goods

Question 29

Multiple Choice

Suppose that workers in Transylvania can produce only two goods -- yo-yos or sweatsocks.The Transylvanian currency is the daler.In what unit is the opportunity cost of yo-yos measured?


A) dalers
B) dalers per yo-yo
C) dalers per sweatsock
D) yo-yos
E) sweatsocks

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q24: If a tariff increases, everybody loses except

Q25: Exhibit 19-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-10

Q26: Exports amount to about 11 percent of

Q27: Regional trading bloc agreements<br>A)are not considered trade

Q28: The Doha Round of talks led to

Q30: If a manufacturer sells goods abroad for

Q31: Which of the following is not true

Q32: Which of the following is not a

Q33: Exhibit 19-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-2

Q34: Whenever the opportunity costs of goods are