Multiple Choice
Suppose Karl divides his time between making birdhouses and growing artichokes. Karl's friend recently gave Karl some new woodworking tools that greatly reduced the amount of time it takes Karl to make each birdhouse, but the new tools had no impact on the amount of time it takes Karl to grow artichokes. Thus, the new tools ________ Karl's opportunity cost of growing artichokes.
A) had no effect on
B) decreased
C) increased
D) halved
Correct Answer:

Verified
Correct Answer:
Verified
Q109: According to the accompanying table, Julia
Q110: Regarding specialization, it is generally true that:<br>A)more
Q111: Generally, on a linear two-good production possibilities
Q112: Refer to the accompanying figure. For the
Q113: The accompanying figure shows Avery's weekly production
Q115: Earth Movers & Shakers operates 3
Q116: Refer to the accompanying table. Based
Q117: Refer to the accompanying figure. Moving from
Q118: Smith and Jones comprise a two-person
Q119: Which of the following statements is true?<br>A)Absolute