Multiple Choice
-In the table above,Jack's opportunity cost for 1 pound of food is ________ and his opportunity cost for 1 pound of clothing is ________.
A) 1 pound of clothing; 4 pounds of food
B) 1/2 of a pound of clothing; 2 pounds of food
C) 1/3 of a pound of clothing; 3 pounds of food
D) 2 pounds of clothing; 2 pounds of food
E) 1 pound of food; 1 pound of clothing
Correct Answer:

Verified
Correct Answer:
Verified
Q229: Moving between two points on a PPF,a
Q230: In one hour John can produce 20
Q231: If Tom can wax a car in
Q232: Explain why specialization and trade increases a
Q233: In terms of a nation's production possibilities
Q235: Rika's opportunity cost of producing 100 t-shirts
Q236: Suppose that in a PPF graph,wheat is
Q239: Mac can bake more cookies than Monica
Q269: The United States has an absolute advantage
Q387: A production point beyond the production possibilities