Refer to Figure 2-13. What is the opportunity cost of producing 1 ton of coconuts in Costa Rica?
A) 3/8 of a ton of pineapples B) 2/3 of a ton of pineapples
C) 1 1/2 tons of pineapples D) 100 tons of pineapples
B
Economics
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________ is most likely to contribute to an improvement in our living standard
A) An increase in real GDP B) A decrease in nominal GDP C) An increase in the price level D) An increase in depreciation E) An increase in the GDP deflator combined with a decrease in nominal GDP
Economics
The country of Bananaland has an abundant supply of banana trees and therefore must be a modern industrial economy
a. True b. False
Economics