Suppose that a country is producing on its PPC at a point to the left of the tangency between the trade line and the PPC. At the production point,
A) the opportunity cost in production of the good on the horizontal axis is less than its trade price.
B) the opportunity cost in production of the good on the horizontal axis is more than its trade price.
C) the opportunity cost in production of the good on the vertical axis is less than its trade price.
D) the opportunity cost in production of the good on the horizontal axis may be either less than or more than its trade price.
A
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Central Banks
What will be an ideal response?
Unemployment insurance is usually available to workers in ________ for a shorter period of time than it is in ________
A) the United States; Canada B) Canada; some Western European countries C) Canada and some Western European countries; the United States D) some Western European countries; the United States