-What is the opportunity cost of 1 ton of oranges for the nations of Argentina and Brazil,respectively?
A) .25 ton of apples and .5 ton of apples
B) 10 tons of apples and 4 tons of apples
C) 2 tons of apples and 4 tons of apples
D) 4 tons of apples and 2 tons of apples
E) .5 ton of apples and .25 ton of apples
Correct Answer:
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Q50: The introduction of a tariff will be
Q51: Frederic Bastiat's,"A Petition From the Candlemakers",presents a
Q52: A balance-of-trade deficit exists if
A)the dollar value
Q53: Q54: Limits on the quantity of a foreign Q56: Which of these is the basis of Q57: Most economists Q58: Statement I: The Japanese are an extremely Q59: Which of the following objectives is NOT Q60: A comparative advantage in the production of
A)favor tariffs.
B)favor quotas.
C)advocate "fair trade."
D)Economists do
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