The table indicates production possibilities with given resources.
-Which of the following statements is false?
A) The opportunity cost one unit of food is one unit of film in country A.
B) The opportunity cost one unit of food is one unit of film in country B.
C) The opportunity cost one unit of film is one unit of food in country A.
D) The opportunity cost one unit of film is two units of food in country B
Correct Answer:
Verified
Q34: The difference between a straight-line production possibilities
Q35: When considering an economy producing only two
Q36: Any point beyond the production possibilities frontier:
A)
Q37: All the following conditions will cause an
Q38: Meredith had only $10 to spend last
Q40: The table indicates production possibilities with given
Q41: To say that markets are free means
Q42: A mixed economy is best described by
Q43: A pure command economy is best characterized
Q44: Most real world economic systems are:
A) pure
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