The table above gives the production possibilities frontier for two countries, Anaconda and Bear. The opportunity cost of moving from ________ is greater for ________

A) point E to point D; Bear
B) point A to point B; Anaconda
C) point B to point A; Bear
D) point D to point E; Bear
E) any point to any other point; Bear

D

Economics

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Charlene is willing to pay $5.00 for a sandwich. If Charlene must pay ________ for a sandwich, she ________

A) $4.00; does not receive consumer surplus B) $4.00; receives consumer surplus C) $6.00; receives consumer surplus D) $6.00; receives a marginal cost

Economics

The Slutsky equation shows that, holding the total effect constant, the income effect will be larger for goods that

A) have a smaller substitution effect. B) make up a larger percentage of a household's budget. C) have perfectly inelastic demand curves. D) All of the above.

Economics