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

A) 0.33 ton of cookies; 2 tons of cookies
B) 3 tons of cookies; 0.5 ton of cookies
C) 0.375 ton of coffee; 2.25 tons of cookies
D) 2.67 tons of cookies; 0.44 ton of coffee

A

Economics

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The argument that raising the employment tax leads to more employment is most likely to hold if the

A) labor supply curve has the same slope as labor demand. B) labor supply curve has a steep slope. C) labor demand curve is vertical. D) labor supply curve has a relatively flat slope.

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Suppose a country increases trade restrictions. This country would be pursing an

a. inward policy, which most economists believe has beneficial effects on the economy. b. inward policy, which most economists believe has adverse effects on the economy. c. outward policy, which most economists believe has beneficial effects on the economy. d. outward policy, which most economists believe has adverse effects on the economy.

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