Multiple Choice
Use the following scenario to answer the following questions:
Natasha can produce either 5,000 pounds of cheese or 20 houses per year.Jameson can produce either 5,000 pounds of cheese or 10 houses per year.
-Jameson's opportunity cost of producing one house is ________ pound(s) of cheese.
A) 1/250 of a
B) 1/20 of a
C) 20
D) 250
E) 500
Correct Answer:

Verified
Correct Answer:
Verified
Q2: X has a comparative advantage over Y
Q3: Suppose two countries are each capable of
Q4: Use the following scenario to answer the
Q5: What are the rationales for trade-restrictive policies?
Q6: When a smaller country with fewer resources
Q8: In the domestic market following the imposition
Q9: Use the following scenario to answer the
Q10: If both Natasha and Jameson produce the
Q11: Use the following graph to answer the
Q12: When a country decides to impose a