Use the above table. Assuming constant opportunity costs, the opportunity cost of producing knives in country Alpha is ________, and the opportunity cost of producing knives in country Beta is ________

A) 2 forks; 0.33 knife
B) 0.5 knife; 3 forks
C) 1.5 forks; 0.25 fork
D) 0.67 fork; 4 forks

D

Economics

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The set of goods and services that maximizes the level of satisfaction for each consumer subject to limited income is

A) the consumer optimum. B) diminishing marginal utility. C) increasing marginal utility. D) substitution effect.

Economics

Refer to the table. This tax is such that the after-tax distribution of income will be:



A.  more equal than the before-tax distribution.
B.  less equal than the before-tax distribution.
C.  distributed in precisely the same way as the before-tax distribution.
D.  less than the before-tax distribution by the same percentage at each income level.

Economics