Refer to Table 2-14. What is Scotland's opportunity cost of producing one motorcycle?

A) 0.25 guitar B) 4 guitars C) 12 guitars D) 16 guitars

B

Economics

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Which of the following goals are part of the monetary "trilemma"?

a. predictable exchange rates, free movement of capital, and autonomous monetary policy b. rising exchange rates, free movement of capital, and nationalist monetary policy c. predictable exchange rates, autonomous monetary policy, and protectionist trade policy d. protectionist trade policy, free movement of capital, and rising exchange rates

Economics

The table above shows a nation's production possibilities frontier. If the nation chooses to increase the production of robots from 2 to 3 and it is on its PPF, it will have to forgo ________ pizzas

A) 34 B) 35.5 C) 3 D) 37 E) None of the above answers is correct.

Economics