Multiple Choice
-Refer to Table 3-1. What is the opportunity cost of 1 kg of meat for the rancher?
A) 3/4 kg of potatoes
B) 4/3 kg of potatoes
C) 3 hours of labour
D) 4 hours of labour
Correct Answer:

Verified
Correct Answer:
Verified
Q102: How is absolute advantage found?<br>A) by comparing
Q103: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q104: Figure 3-5<br>These graphs illustrate the production possibilities
Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q106: What happens when countries specialize according to
Q108: What is the term that means whatever
Q109: Suppose that a worker in Boatland can
Q110: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q111: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-1
Q112: According to Adam Smith, what should a