Multiple Choice
Moe divides his time between studying Physics and studying Economics. His production possibilities curve for his final grade in each class is shown in the accompanying figure. Which of the following is true?
A) Moe has a comparative advantage in physics.
B) Moe's opportunity cost of studying for each subject is increasing.
C) Moe has a comparative advantage in economics.
D) Moe has an absolute advantage in economics.
Correct Answer:

Verified
Correct Answer:
Verified
Q151: Refer to the accompanying figure. Relative to
Q152: Smith and Jones comprise a two-person
Q153: You are the Minister of Trade for
Q154: Suppose it takes Paul 3 hours to
Q155: The accompanying figure shows Becky's daily production
Q157: The accompanying figure shows Becky's daily production
Q158: Moe divides his time between studying Physics
Q159: The Principle of Increasing Opportunity Costs states
Q160: Earth Movers & Shakers operates 3
Q161: Points that lie outside the production possibilities