If apples and pears have equivalent opportunity costs,

a. it makes no difference what the economy produces, pears or apples
b. the economy always gains from producing more and trading the other
c. the production possibilities curve is bowed out
d. one apple trades for two pears
e. one apple trades for one pear

E

Economics

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Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Morocco gain compared to the "without trade" numbers?

A) 0 B) 10 C) 50 D) 60

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Describe the costs of deforestation

What will be an ideal response?

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