Multiple Choice
Table 13.2 Sarita and Gabriel own S&G Bakery.Table 13.2 lists the number of pies and cakes Sarita and Gabriel can each bake in one day.
-Refer to Table 13.2.Select the statement that accurately interprets the data in the table.
A) Sarita has a greater opportunity cost than Gabriel for baking cakes.
B) Sarita's opportunity cost for baking cakes is less than Gabriel's.
C) Gabriel has a greater opportunity cost than Sarita for baking pies.
D) Gabriel's opportunity cost for baking cakes and baking pies are both greater than Sarita's.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: The best example of a tariff from
Q13: Anti-globalisation and protectionism are both arguments against
Q15: The simple trade model demonstrates that countries
Q17: Measuring the impact of a quota or
Q18: Why do domestic firms offshore production processes?
Q20: What is an 'open economy'?
Q21: Table 13.6<br>Production and<br>Consumption Production<br>Without Trade With Trade
Q54: Which of the following statements is true?<br>A)All
Q86: China has developed a comparative advantage in
Q164: Protectionism refers to the use of trade