Table 7-3
Mateo and Celeste produce custom saddles and spurs.Table 7-3 lists the number of saddles and pairs of spurs Mateo and Celeste can each produce in one month.
-Refer to Table 7-3.Select the statement that accurately interprets the data in the table.
A) Mateo has a greater opportunity cost than Celeste for making saddles.
B) Mateo's opportunity cost for making saddles is less than Celeste's.
C) Celeste has a greater opportunity cost than Mateo for making saddles.
D) Mateo's opportunity cost for making saddles and making spurs are both greater than Celeste's.
Correct Answer:
Verified
Q17: Which of the following statements is false?
A)Japan
Q18: The 1994 agreement that eliminated most tariffs
Q19: Which of the following statements is false?
A)Exports
Q20: Imports are goods and services bought domestically
Q21: Today,the United States charges an average tariff
Q23: Table 7-3 Q24: Table 7-3 Q25: Is the value of U.S.exports typically larger Q26: Table 7-2 Q27: Table 7-3 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