Multiple Choice
The slope of the linear production possibilities curve before trade is determined by the
A) available quantity of labor in the country divided by the average labor productivity.
B) average labor productivity divided by the average wage.
C) average labor productivity.
D) opportunity cost of production.
E) available quantity of labor in the country.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Exhibit 29-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 29-5
Q15: Central America would most likely have a
Q16: Wages in the developed world with high
Q17: Exhibit 29-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 29-4
Q18: If the United States is relatively abundant
Q20: Exhibit 30-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 30-2
Q21: A country would have a comparative advantage
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Q23: The United States may have a comparative
Q24: Exhibit 29-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 29-5