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A Nation Can Produce Two Products: Steel and Wheat

Question 305

Multiple Choice

A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule. A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule.   A change from combination C to B means that A)  1 unit of steel is given up to get 75 units of wheat. B)  2 units of steel are given up to get 75 units of wheat. C)  1 unit of steel is given up to get 15 more units of wheat. D)  2 units of steel are given up to get 15 more units of wheat. A change from combination C to B means that


A) 1 unit of steel is given up to get 75 units of wheat.
B) 2 units of steel are given up to get 75 units of wheat.
C) 1 unit of steel is given up to get 15 more units of wheat.
D) 2 units of steel are given up to get 15 more units of wheat.

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