Multiple Choice
Table 16.1
Table 16.1 shows the quantities of cookies and coffee that can be produced with the full amount of resources available in each of two countries, Alpha and Beta.
-Using the information in Table 16.1, which statement is TRUE?
A) Both countries have the same opportunity cost of producing cookies.
B) Beta has the lower opportunity cost of producing cookies.
C) Alpha has the lower opportunity cost of producing cookies.
D) Alpha has the lower opportunity cost of producing both coffee and cookies.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: The World _ _ is a body
Q15: The effect of a tariff is to
Q16: Which one of the following is FALSE?<br>A)
Q17: Quotas serve to<br>A) encourage trade.<br>B) encourage imports.<br>C)
Q18: Table 16.4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10969/.jpg" alt="Table 16.4
Q20: If countries specialize according to their own
Q21: Restricting imports to the U.S. can preserve
Q22: When each nation specializes in producing those
Q23: What has happened to employment levels in
Q24: The organization that settles trade disputes between