Multiple Choice
The table below illustrates that,in one day,Tristan can produce either 12 fishing lures or mow 3 lawns,while Thomas can produce either 6 fishing lures or mow 6 lawns.
TABLE 1-1
-Refer to Table 1-1.What is Thomas's opportunity cost of producing one mowed lawn?
A) 0 fishing lures
B) 1/6 fishing lure
C) one fishing lure
D) 6 fishing lures
E) 12 fishing lures
Correct Answer:

Verified
Correct Answer:
Verified
Q7: A modern economy like Canada's is largely
Q30: In the Canadian economy,most decisions regarding resource
Q32: The opportunity cost of producing good A
Q55: Suppose you own a courier service and
Q60: The diagram below shows two production possibilities
Q62: Madeleine allows herself $100 per month for
Q64: In traditional economies,economic behaviour is<br>A)largely determined by
Q84: An insight first fully developed by Adam
Q119: Comparison of economic systems indicates that<br>A)most nations
Q131: When discussing types of economic systems,the Canadian