)
In Exhibit 191, the opportunity cost of 1 tshirt in the United States is
A) 0
B) 1/2 ton of rice
C) 3/4 ton of rice
D) 1 ton of rice
E) 2 tons of rice
Correct Answer:
Verified
Q49: Q50: Q56: To maximize worldwide gains from trade, the Q58: A nation's consumption possibilities frontier is Q60: The source of gains from trade is Q70: Differences in tastes among nations Q73: If production is subject to economies of Q76: If a tariff increases, everybody loses except Q78: A tariff is a tax on either Q79: Ad valorem tariffs on imports are based![]()
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A)always the
A)tariffs
B)self-sufficiency
C)autarky
A)make gains from
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