Multiple Choice
use the figures below to answer the following questions :the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time between building wooden boats and solving crimes.
-What is Gibbs's opportunity cost of making a wooden boat?
A) 20 solved crimes
B) 30 solved crimes
C) 10 solved crimes
D) 1/20 of a boat
E) 1/10 of a boat
Correct Answer:

Verified
Correct Answer:
Verified
Q153: Why do economists use models?<br>A) Models are
Q154: use the figure below to answer
Q155: Goods that are produced for current consumption
Q156: At full employment,a society produces<br>A) somewhere within
Q157: The movie Saving Private Ryan is about
Q159: One reason that economists make assumptions when
Q160: The ability of one producer to create
Q161: use the Table below to answer
Q162: Physicists can conduct experiments to study subatomic
Q163: use the figures below to answer