Given the information in the table above. What is the opportunity cost of Cloth in terms of Widgets in Foreign?
What will be an ideal response?
One half a widget.
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A perfectly competitive firm may, under some circumstances, be able to affect the market price.
Answer the following statement true (T) or false (F)
One result of an unanticipated reduction in aggregate demand would be that
A. there would be no change in hiring. B. fewer firms would be hiring. C. the price level would rise. D. more firms would be hiring.
The Glass-Steagall Act of 1933:
A. required all state banks to get federal charters. B. required commercial banks to sell off their investment banking operations. C. eliminated the FDIC. D. required federally chartered banks to meet the branching restrictions of the states.
Suppose the Euros per U.S. dollar exchange rate is 2 . The aggregate price level in France is 100, and the aggregate price level in the United States is 125 . The real exchange rate between the two countries is _____
a. 2.5 b. 2 c. 1.6 d. 2.4