Multiple Choice
Table 3-27
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.
-Refer to Table 3-27. The opportunity cost of 1 plate for Huang is
A) 1/3 parasol.
B) 1/2 parasol.
C) 3 parasols.
D) 4 parasols.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Table 3-34<br>Assume that Indonesia and India can
Q6: Figure 3-15<br>Perry's Production Possibilities Frontier<br>Jordan's Production Possibilities
Q8: Table 3-23<br>Assume that the farmer and the
Q9: Table 3-21<br>Assume that Jamaica and Norway can
Q15: Figure 3-12<br>Argentina's Production Possibilities Frontier<br>Peru's Production Possibilities
Q40: Figure 3-19<br>Chile's Production Possibilities Frontier<br>Colombia's Production Possibilities
Q41: Trade allows a country to consume outside
Q67: The opportunity cost of an item is<br>A)the
Q131: Which of the following is not correct?<br>A)The
Q140: Figure 3-17<br>Maxine's Production Possibilities Frontier<br>Daisy's Production Possibilities