The table above gives the production possibilities frontier for two countries, Anaconda and Bear. The opportunity cost of moving from ________ is greater for ________

A) point E to point D; Bear
B) point A to point B; Anaconda
C) point B to point A; Bear
D) point D to point E; Bear
E) any point to any other point; Bear


D

Economics

You might also like to view...

Total planned expenditure is composed as

a. planned investment. b. planned government spending and taxes. c. total investment, total consumption, and government spending. d. planned investment, planned government spending, and planned taxes.

Economics

Price and total revenue move in opposite directions when demand is elastic

Indicate whether the statement is true or false

Economics

In Figure 1.9, as you move up the curve from point J toward point M, the slope

A. Increases. B. Decreases. C. Remains constant. D. Becomes negative.

Economics

Two nations, Alpha and Beta, can both produce steel. Alpha has a comparative advantage in the production of steel if it:

A. Can produce more steel than Beta B. Uses more steel than Beta C. Has a higher domestic opportunity cost of producing steel than Beta D. Has a lower domestic opportunity cost of producing steel than Beta

Economics