The tables give production possibilities data for two countries, Alpha and Beta, which have populations of equal size.
The domestic opportunity cost of
A) producing a ton of chips in Alpha is 1/5 of a ton of fish.
B) producing a ton of chips in Beta is 6 tons of fish.
C) catching a ton of fish in Alpha is 5 tons of chips.
D) catching a ton of fish in Beta is 6 tons of chips.
Correct Answer:
Verified
Q44: The law of increasing opportunity costs
A) applies
Q48: In the real world, specialization is rarely
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