Multiple Choice
Other things being equal,if Mexico devotes more resources to train its population than Spain,
A) Mexico will have more current consumption than Spain.
B) Mexico will be able to eliminate opportunity cost faster than Spain.
C) Mexico will be able to eliminate scarcity faster than Spain.
D) Mexico will grow faster than Spain.
E) Spain will grow faster than Mexico.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -The table above
Q2: By specialising and trading,a country is able
Q3: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -In the table
Q5: In a production possibilities frontier graph,the cost
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -The figure above
Q8: A production possibilities frontier shows<br>A)that if price
Q9: Specialisation and trade make a country better
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -The above figure
Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -The figure above
Q12: For country Gamma, the opportunity cost for