Multiple Choice
The following figure depicts the production possibilities curve when Ann and Bob engage in trade. With all her resources, Ann can either produce two computer programs or one Web site. With all his resources, Bob can either produce one computer program or three Web sites.
-Refer to the figure above.What is the value of B?
A) 1
B) 2
C) 3
D) 4
Correct Answer:

Verified
Correct Answer:
Verified
Q198: Scenario: Hawaii and South Carolina are trading
Q199: The following figure shows the production possibilities
Q200: The following figure shows the demand curve,
Q201: Which of the following statements is true?<br>A)
Q202: Increasing opportunity cost can arise if _.<br>A)
Q204: The figure below shows the domestic supply
Q205: The figure below shows the domestic supply
Q206: The following figure shows the demand curve,
Q207: The following figure shows the production possibilities
Q208: The figure below shows production possibilities curves