Suppose that Germany, France, Estonia, and India all have the same production possibilities, illustrated in the figure above. Based on the production points in the figure, India is most likely to expand its PPF to

Refer to the scenario above. If the cost of advertising is negligible, what will the outcome of this game be?

A) Company A will advertise its products while Company B will not advertise. B) Company B will advertise while Company A will not advertise. C) Both the companies will advertise their products. D) Neither of the companies will advertise its products.

Refer to Table 2-9. What is Haley's opportunity cost of making a necklace?

A) 2 necklaces B) 3 bracelets C) 3/4 of a bracelet D) 1 1/3 necklaces