Let's assume Ben can produce 3 units of a material good (M) or 3 units of a spiritual good (S) in a day, while Cal can produce 1 M or 2 Ss in a day. Which statement below is true?
A) Ben can produce spiritual goods more efficiently than Cal.
B) Cal can produce material goods more efficiently than Ben.
C) Ben can produce material goods more efficiently than Cal.
D) Ben can produce both material and spiritual goods more efficiently than Cal.
C
You might also like to view...
What area on a supply and demand graph represents consumer surplus?
What will be an ideal response?
Which of the following is most likely to increase the supply of corn?
a. The farm worker's union successfully negotiates a pay increase for corn harvest workers. b. The Surgeon General announces that eating corn bread contributes to baldness in men. c. Congress and the President eliminate subsidies formerly paid to corn farmers. d. Farmers that grow soybeans can also grow corn, and the price of soybeans drops by 75 percent.
The available credit limit we have in a credit card reflects the amount of money we hold in our savings account
a. True b. False Indicate whether the statement is true or false
The argument that calls for the trade protection of only newly developing industries is known as the ________ argument.
A. learning by doing B. predatory dumping C. infant industry D. developing nation