Multiple Choice
Graph 3-2 
These figures illustrate the production possibilities available to Amy and Jim with 8 hours of labour.
-Refer to Graph 3-2.The opportunity cost of one coffee for Jim is:
A) three doughnuts
B) two doughnuts
C) 1/2 doughnut
D) 1/3 doughnut
Correct Answer:
Verified
Correct Answer:
Verified
Q109: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q110: If capital in China is less productive
Q111: Table 3-1<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q112: Adam Smith:<br>A)was one of the first scholars
Q113: Trade is likely to:<br>A)lead to self-sustaining countries<br>B)reduce
Q115: Comparative advantage is based on:<br>A)capital costs<br>B)labour costs<br>C)dollar
Q116: Graph 3-1<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-1
Q117: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q118: Imports arise because:<br>A)the importing country can produce
Q119: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2