Abe can catch 10 pounds of fish an hour or pick 10 pounds of fruit. Zeb can catch 30 pounds of fish an hour or pick 20 pounds of fruit
The opportunity cost of fish is ________ for Abe than for Zeb, and the opportunity cost of fruit is ________ for Abe than for Zeb. A) higher, lower
B) lower, higher
C) higher, higher
D) lower, lower
A
Economics
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The slope of a steep upward-sloping line is a smaller value than the slope of a nearly flat upward-sloping line
a. True b. False
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Under the Food, Conservation, and Energy Act of 2008, subsidies to farmers based on gaps between actual prices of crops and targeted prices are called:
A. direct payments. B. price supports. C. countercyclical payments. D. price gap set-asides.
Economics