Multiple Choice
Suppose that there are only two goods in Japan,sushi and saki.The absolute price of a 100-gram plate of sushi is 200 yen,and the absolute price of a liter of saki is 100 yen.What is the relative price of saki in terms of sushi?
A) 100 grams per liter.
B) 200 grams per liter.
C) 50 grams per liter.
D) 400 grams per liter.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: A man can rewire a house in
Q16: The towns of Mattoon and Charleston can
Q17: Trading is beneficial whenever people differ in
Q18: In 1 hour,Robinson Crusoe can either shoot
Q19: When silk is shipped from China to
Q21: Suppose there are only two goods: guns
Q22: By definition,someone who has an absolute advantage
Q23: If there are only two activities on
Q24: To be as well off as possible,a
Q25: Mexico and Japan<br><br>The following questions refer to