Exhibit 18-1
-In Exhibit 18-1, the opportunity cost of a ton of rice in the United States is
A) 0
B) 1/3 of a t-shirt
C) 1/2 of a t-shirt
D) 1 t-shirt
E) 2 t-shirts
Correct Answer:
Verified
Q43: Exhibit 18-1 Q45: Exhibit 18-1 Q46: A country should export only those goods Q47: World output will be maximized if each Q50: Exhibit 18-1 Q51: Comparative advantage is determined by Q60: The source of gains from trade is Q64: One reason for international specialization in production Q70: Differences in tastes among nations Q73: If production is subject to economies of 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
A)the amount of
A)tariffs
B)self-sufficiency
C)autarky
A)make gains from
