Multiple Choice
The opportunity cost of producing one more unit of a good is calculated by dividing the
A) decrease in the quantity of the other good by the increase in the quantity of the good whose opportunity cost we're calculating.
B) total quantity of that good by the total quantity of other good.
C) increase in the quantity of that good by the decrease in the quantity of other good.
D) total quantity of the other good by the total quantity of the good whose opportunity cost we're calculating.
E) price of the good whose opportunity cost we are calculating by the number of units of the other good that are forgone.
Correct Answer:

Verified
Correct Answer:
Verified
Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The
Q49: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" Suppose Puerto Rico
Q50: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - Suppose
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The
Q52: A country has a comparative advantage in
Q54: When a country's production possibilities frontier shifts
Q55: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The above
Q56: Which of the following statements is correct?<br>i.
Q57: To achieve gains from trade, a country<br>A)needs
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" -