menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today Study Set 1
  4. Exam
    Exam 2: Scarcity and the World of Trade-Offs
  5. Question
    The Making and Selling of a Pencil for Ten Cents
Solved

The Making and Selling of a Pencil for Ten Cents

Question 284

Question 284

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

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

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines