Refer to the tables. The domestic opportunity cost of one unit of X in Beta is:
Answer the question on the basis of the following production possibilities tables for countries Alpha and Beta:
A. 2 units of Y.
B. 4 units of Y.
C. 1 unit of Y.
D. 3 units of Y.
A. 2 units of Y.
Economics
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The marginal revenue product curve shifts when
A) wages fall. B) there is a change in the product price workers are producing. C) wages rise. D) the wages paid exceed the price.
Economics
Public goods are basically
A) rival in consumption. B) nonrival in consumption. C) depletable in consumption. D) nondepletable in consumption.
Economics