Refer to Table 2-12. What is Honduras's opportunity cost of producing one sailboat?

A) 1/5 of a canoe B) 1.5 canoes C) 4 canoes D) 5 canoes

D

Economics

You might also like to view...

Under a gold standard, countries should

A) keep the supply of their domestic money constant. B) keep the supply of their domestic money fixed in proportion to their gold holdings. C) keep the supply of foreign exchange less than their domestic money supply. D) restrict the demand for foreign goods. E) outlaw speculation.

Economics

Spending VCU4 on real-world goods and services causes the nation's:

a. Demand for real goods and services to rise and monetary base to remain the same. b. Demand for real goods and services to fall and M2 money supply to fall. c. Demand for real goods and services to remain the same and M2 money multiplier to fall. d. Demand for real goods and services to remain the same and M2 money supply to remain the same.

Economics