Multiple Choice
The making and selling of a pencil for ten cents would likely NOT be possible, but for
A) relative advantage.
B) the production possibilities curve.
C) absolute advantage.
D) the division of labor.
Correct Answer:

Verified
Correct Answer:
Verified
Q279: One opportunity cost associated with going to
Q280: The conversion of resources into consumer goods
Q281: Comparative advantage is always a(n) _ concept.<br>A)
Q282: Two factories make wooden chairs. If the
Q283: The basic problem in economics is<br>A) unlimited
Q285: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q286: A straight-line production possibilities curve takes this
Q287: Opportunity cost<br>A) can only be measured as
Q288: According to the above table, the opportunity
Q289: Which of the following is TRUE with