-The opportunity cost of moving from point a to point b in the above figure is
A) zero.
B) 3/2 pairs of socks per sweater.
C) 2 sweaters.
D) 3 pairs of socks.
Correct Answer:
Verified
Q18: When an economy produces at its allocatively
Q19: A production possibilities frontier does NOT illustrate
A)
Q20: Which of the following statements regarding the
Q22: The term "market" refers to
A) any arrangement
Q23: A person has a comparative advantage in
Q24: Harry produces two balloon rides and four
Q25: Q26: Consider a production possibilities frontier with corn Q53: When economic growth occurs, the Q84:
A)production possibilities frontier
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