Multiple Choice
Which of the following is not a reason for increasing opportunity costs:
A) technology differs among nations
B) factors of production are not homogeneous
C) factors of production are not used in the same fixed proportion in the production of all commodities
D) for the nation to produce more of a commodity,it must use resources that are less and less suited in the production of the commodity
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Which of the following statements about community
Q6: The marginal rate of substitution (MRS)of X
Q7: With free trade under increasing costs:<br>A)neither nation
Q8: The gains from exchange with respect to
Q9: A production frontier that is concave from
Q11: If Px/Py exceeds the equilibrium relative Px/Py
Q12: Which of the following statements is false?<br>A)The
Q13: Which of the following statements is true
Q14: Which of the following is not true
Q15: Nation 1's share of the gains from