Using Figure 35.2, the opportunity cost of producing 1 pair of golf shoes in the United States is
A. 1/3 of a baseball.
B. 2 baseballs.
C. 3 baseballs.
D. Less than the opportunity cost in Mexico.
Answer: C
Economics
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A) only I B) only II C) both I and II D) neither I nor II
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The differential taxation of inputs does not create an excess burden.
A. True B. False C. Uncertain
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All normal-form games have at least one dominant strategy
Indicate whether the statement is true or false
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The market structure(s) most likely to exhibit extensive advertising is (are): a. monopoly
b. monopolistic competition. c. perfect competition. d. monopoly and oligopoly.
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