Multiple Choice
If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules. In country A the opportunity cost of 1 paper clip is
A) 2 rubber bands.
B) 1 rubber band.
C) 1/2 rubber band.
D) 1/4 rubber band.
Correct Answer:

Verified
Correct Answer:
Verified
Q170: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q173: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q174: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q176: A nation with abundant capital resources tends
Q176: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q177: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q178: The benefits to trading nations based on
Q179: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" The accompanying tables
Q180: What is the eurozone? How has the
Q252: NAFTA established a free-trade area and eliminated