Multiple Choice
-Refer to Table 3-2. What is the opportunity cost of 1 kilogram of meat for the farmer?
A) 1/4 hour of labour
B) 1 hour of labour
C) 1/4 kilograms of potatoes
D) 4 kilogram of potatoes
Correct Answer:

Verified
Correct Answer:
Verified
Q32: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-1
Q33: When will a production possibilities frontier be
Q34: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2
Q35: What did Adam Smith believe about trade?<br>A)
Q36: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q38: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to the
Q39: Trade is based on absolute advantage.
Q40: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-1
Q41: If it takes Canadian workers fewer hours
Q42: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table