The production possibilities frontier shows the opportunity cost of one good as measured in terms of the other good

Refer to Figure 2-8. What is the opportunity cost of producing 1 ton of coconuts in Guatemala?

A) 1/2 of a ton of pineapples B) 1 1/3 tons of pineapples C) 2 tons of pineapples D) 90 tons of pineapples

Which of the following investments can be classified as specific assets?

a. Opening a restaurant in the business district of a city. b. Purchase of additional cotton bales expecting a rise in demand for cotton garments. c. Leasing out land in a tourist spot to build a retail outlet. d. Purchasing specialized equipment for a hydro-electric power project that will not produce electricity at a different location.