Multiple Choice
If resources and goods are free to move across states, if Oregon producers choose to specialize in producing honey and California producers choose to specialize in growing almonds, then we could reasonable conclude that:
A) California has a comparative advantage in producing almonds.
B) Oregon has a comparative advantage in producing honey.
C) the opportunity cost of growing almonds is lower in California than in Oregon.
D) the opportunity cost of producing honey is lower in Oregon than in California.
E) all of the above are true.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: What is the difference between a hypothesis
Q60: Rational individuals act to advance their own
Q62: The Environmental Protection Agency asks you
Q66: Rational choices:<br>A)are based on a comparison of
Q69: Table 2-A<br> <span class="ql-formula" data-value="\begin{array}
Q74: It is possible to completely eliminate scarcity.
Q94: The opportunity cost of an action is:<br>A)the
Q105: To an economist, individuals are acting "rationally"
Q160: Scarcity is a problem faced by all
Q192: Normative analysis focuses on statements that can