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Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237 Exercise 1
Before specialization, the domestic opportunity cost of producing 1 unit of wheat is:
A) 1 unit of coffee in both the United States and Brazil.
B) 1 unit of coffee in the United States and 2 units of coffee in Brazil.
C) 2 units of coffee in the United States and 1 unit of coffee in Brazil.
D) 1 unit of coffee in the United States and ½ unit of coffee in Brazil.
A) 1 unit of coffee in both the United States and Brazil.
B) 1 unit of coffee in the United States and 2 units of coffee in Brazil.
C) 2 units of coffee in the United States and 1 unit of coffee in Brazil.
D) 1 unit of coffee in the United States and ½ unit of coffee in Brazil.
Explanation
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Verified
As per the graphs shown, it is a straigh...
Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
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