Multiple Choice
Table 3-1
-Refer to Table 3-1.The opportunity cost of 1 pound of potatoes for the rancher is
A) 5 hours of labor.
B) 4 hours of labor.
C) 5/4 pounds of meat.
D) 4/5 pound of meat.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: International trade may make some individuals in
Q86: Trade between countries<br>A)allows each country to consume
Q91: Differences in opportunity cost allow for gains
Q160: Table 3-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Table 3-5
Q162: Figure 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Figure 3-1
Q163: Table 3-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Table 3-5
Q164: Figure 3-5 The graph below represents the
Q166: These figures illustrate the production possibilities available
Q167: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Table 3-3
Q168: Recently,it has been suggested by researchers that