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    Macroeconomics Study Set 17
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    Exam 2: Trade-Offs, Comparative Advantage, and the Market System
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    Table 2-6 Table 2-6 Shows the Output Per Week of Week
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Table 2-6 Table 2-6 Shows the Output Per Week of Week

Question 23

Question 23

Multiple Choice

Table 2-6
Table 2-6    Table 2-6 shows the output per week of two people,James and Lucy.They can either devote their time to making wagons or making tricycles. -Refer to Table 2-6.What is James's opportunity cost of making a tricycle? A) 2 tricycles B) 1/2 of a wagon C) 1/2 of a tricycle D) 3/4 of a wagon Table 2-6 shows the output per week of two people,James and Lucy.They can either devote their time to making wagons or making tricycles.
-Refer to Table 2-6.What is James's opportunity cost of making a tricycle?


A) 2 tricycles
B) 1/2 of a wagon
C) 1/2 of a tricycle
D) 3/4 of a wagon

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