Multiple Choice
-Refer to the table. What is the opportunity cost of one sled for Summer?
A) 1/3 beach ball
B) 1 beach ball
C) 4/3 beach balls
D) 3 beach balls
Correct Answer:

Verified
Correct Answer:
Verified
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
Q37: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
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
Q43: If there is trade, which of the