Using the above table but now the bakery bakes 30 pizzas and 240 loaves of bread (alternative B), moving from alternative B to alternative D, what is the opportunity cost of one pizza pie?

An economic model is a

A) realistic version of an economic environment. B) fictional representation of an entire economy. C) detailed version of an economic issue. D) simplified representation of an economic environment.

A voting procedure in which the winner must defeat each of the other alternatives in head-to-head contests is known as the

A) Borda-count method. B) Condorcet method. C) instant runoff method. D) plurality-rule method