Multiple Choice
Table 3-2
-Refer to Table 3-2. What is the opportunity cost of 1 kilogram of potatoes for the Rancher?
A) 4 hours of labour.
B) 5 hours of labour.
C) 5/4 pounds of meat.
D) 4/5 pound of meat.
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-2
Q17: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-3
Q19: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-1
Q20: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-1
Q22: Suppose a producer can produce a product
Q23: What does comparative advantage reflect?<br>A)productivity.<br>B)relative opportunity cost.<br>C)efficiency.<br>D)terms
Q24: Table 3-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-6
Q25: Suppose that a worker in Cornland can
Q26: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-2
Q174: Figure 3-6<br>These figures illustrate the production possibilities