Figure 34-6
?
From the graph in Figure 34-6, the opportunity cost of a unit of bananas is
A. 4 units of corn for England and 1/2 unit of corn for Honduras.
B. 1/4 unit of corn for England and 2 units of bananas in England.
C. 8 units of corn in England and 3 units of corn in Honduras.
D. 4 units of corn in England and 12 units of corn in Honduras.
Answer: A
You might also like to view...
Refer to Figure 5-3. The size of marginal external benefits can be determined by
A) D2 + D1 at each output level B) the demand curve D2. C) D2 - D1 at each output level. D) the demand curve D1.
If a demand curve shifts, we know that
A) the price of the good itself is not a factor. B) the price of the good itself is a factor. C) the price of the good and supply are the major factors. D) the price of the good and demand are major factors.
As the interest rate decreases, the quantity of money people will hold:
a. decreases. b. increases. c. stays the same. d. rises and then falls. e. falls and then rises.
An increase in U.S. imports from Mexico ________ the supply of dollars and ________ the demand for pesos.
A. decreases; increases B. increases; decreases C. increases; increases D. decreases; decreases