If country A can produce 200 bicycles or 500 wheelbarrows with 1 unit of resources while country B can produce 150 bicycles or 400 wheelbarrows with 1 unit of resources,then with respect to the production of bicycles,country A is ________ efficient than country B.
A) 94 percent more
B) 75 percent more
C) 33 percent more
D) 25 percent more
E) relatively less
Correct Answer:
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Q6: Excluded from among the important bases for
Q7: The following question are based on the
Q8: In general,individuals and countries that attempt to
Q9: In which of the following situations describing
Q10: If country A can produce either 1,000
Q12: Country A must have an absolute advantage
Q13: If country A can produce either 10
Q14: A country that can produce a unit
Q15: A husband and wife both work during
Q16: Goods and services produced in the United
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