Use the following to answer question(s) :
Exhibit: Production Possibilities Schedule 1
-(Exhibit: Production Possibilities Schedule 1) The opportunity cost of producing the fourth unit of consumer goods is ___ __ units of capital goods.
A) 2
B) 4
C) 6
D) 8
Correct Answer:
Verified
Q21: Use the following to answer question(s):
Exhibit:
Q22: In drawing a production possibilities curve, it
Q23: Which of the following is not capital?
A)
Q24: Use the following to answer question(s):
Exhibit:
Q25: Use the following to answer question(s):
Exhibit:
Q27: One of the two criteria for a
Q28: A person who seeks to earn profits
Q29: Who may benefit from technological progress?
A) consumers
B)
Q30: The textbook classifies technology as _ and
Q31: The set of acquired skills and abilities
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