In Exhibit 191, the opportunity cost of a ton of rice in the United States is
A) 0
B) 1/3 of a tshirt
C) 1/2 of a tshirt
D) 1 tshirt
E) 2 tshirts
Correct Answer:
Verified
Q48: ) Q49: Q54: Q58: A nation's consumption possibilities frontier is Q60: The source of gains from trade is Q65: One reason for international specialization in production Q70: Differences in tastes among nations Q73: If production is subject to economies of Q76: If a tariff increases, everybody loses except Q79: Ad valorem tariffs on imports are based Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A)always the
A)tariffs
B)self-sufficiency
C)autarky
A)make gains from