Based on the data in the above table, then if opportunity costs are constant, the opportunity cost of producing one cuckoo clock in the United States is ________, and the opportunity cost of producing one cuckoo clock in Switzerland is ________
A) 3 movies; 1.33 cuckoo clocks
B) 0.33 movies; 0.67 cuckoo clocks
C) 0.67 movie; 1.5 movies
D) 1.5 movies; 0.67 movie
D
Economics
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Briefly explain why the decline in housing prices led to a major financial crisis
What will be an ideal response?
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Use the following consumption schedule to answer the next question.
At income level 1, the amount of saving is
A. negative. B. positive. C. zero. D. not measurable.
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