menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 3
  4. Exam
    Exam 3: Interdependence and the Gains From Trade
  5. Question
    Figure 3-5 -Refer to Figure 3-5. What Is the Opportunity Cost of Opportunity
Solved

Figure 3-5 -Refer to Figure 3-5. What Is the Opportunity Cost of Opportunity

Question 31

Question 31

Multiple Choice

Figure 3-5 Figure 3-5   -Refer to Figure 3-5. What is the opportunity cost of 1 pair of ballet slippers for Fred? A) 1/3 pair of tap shoes. B) 1/5 pair of tap shoes. C) 3/5 pair of tap shoes. D) 5/3 pairs of tap shoes.
-Refer to Figure 3-5. What is the opportunity cost of 1 pair of ballet slippers for Fred?


A) 1/3 pair of tap shoes.
B) 1/5 pair of tap shoes.
C) 3/5 pair of tap shoes.
D) 5/3 pairs of tap shoes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: Figure 3-5<br>These graphs illustrate the production possibilities

Q26: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-2

Q27: Currently, a farmer can either grow 40

Q29: If there is no trade, which of

Q30: What is the difference between production possibilities

Q32: What is the best reason for people

Q33: The only two countries in the world,

Q34: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-1

Q35: Suppose that a worker in Cornland can

Q36: Suppose a gardener produces both green beans

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines