If only two products are produced in an economy,wheat and wine,the opportunity cost of producing a bushel of wheat equals the
A) gain in wine divided by the loss in wheat.
B) loss in wheat divided by the gain in wine.
C) opportunity cost of producing a bottle of wine.
D) gain in wheat divided by the loss in wine.
E) loss in wine divided by the gain in wheat.
Correct Answer:
Verified
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A) a trade deficit.
B) a
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Q18: All possible combinations of goods and services
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A) the quantity of goods
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