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

Verified
Correct Answer:
Verified
Q16: Figure 3-3<br>Ice cream and cones are measured
Q17: Figure 3-5<br>These graphs illustrate the production possibilities
Q18: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2
Q19: Figure 3-6<br>These figures illustrate the production possibilities
Q21: Figure 3-3<br>Ice cream and cones are measured
Q22: What should a country do if it
Q23: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q24: What are exports?<br>A) limits placed on the
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q91: Differences in opportunity cost allow for gains