Given below is the production possibilities schedule for a small island nation in South Pacific that produces capital and consumer goods.Table 2.3

-People (and all resources) :
A) tend to specialize in those activities in which their opportunity costs are minimized.
B) tend to specialize in those activities in which their opportunity costs are maximized.
C) never consider opportunity costs before specializing in a particular activity.
D) consider only direct costs while choosing to specialize in a particular activity.
E) do not act in their own self-interest but specialize in those activities which benefit others.
Correct Answer:
Verified
Q45: The table given below represents the output
Q46: The table given below represents the output
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