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    Exam 2: Trade-Offs, Comparative Advantage, and the Market System
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    Table 2-17 Table 2-17 Shows the Output Per Week of Week
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Table 2-17 Table 2-17 Shows the Output Per Week of Week

Question 199

Question 199

Multiple Choice

Table 2-17
Table 2-17    Table 2-17 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles. -Refer to Table 2-17. What is James's opportunity cost of making a wagon? A)  2 tricycles B)  1/2 of a wagon C)  1/2 of a tricycle D)  3/4 of a wagon Table 2-17 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles.
-Refer to Table 2-17. What is James's opportunity cost of making a wagon?


A) 2 tricycles
B) 1/2 of a wagon
C) 1/2 of a tricycle
D) 3/4 of a wagon

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