Table: Production Possibilities (a) United States Possibilities One Possibility Another Possibility Quantity of roses (boxes) 1,000 0 Quantity of computers 0 2,000 (b) Columbia Production Possibilities One Possibility Another Possibility Quantity of roses (boxes) 2,000 0 Quantity of computers 0 1,000 Reference: Ref 8-8 Table: Production Possibilities (Table: Production Possibilities) Use Table: Production Possibilities. The opportunity cost of 1 computer for _____ is _____ box(es) of roses. Select one: a. the United States; 1 b. Colombia; 2 c. the United States; 2 d. Colombia; 0.5
Table: Production Possibilities (a) United States Possibilities One Possibility Another Possibility Quantity of roses (boxes) 1,000 0 Quantity of computers 0 2,000 (b) Columbia Production Possibilities One Possibility Another Possibility Quantity of roses (boxes) 2,000 0 Quantity of computers 0 1,000 Reference: Ref 8-8 Table: Production Possibilities (Table: Production Possibilities) Use Table: Production Possibilities. The opportunity cost of 1 computer for _____ is _____ box(es) of roses. Select one: a. the United States; 1 b. Colombia; 2 c. the United States; 2 d. Colombia; 0.5
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
Problem 4PA
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Question
Table: Production Possibilities
(a) United States Possibilities | One Possibility | Another Possibility |
---|---|---|
Quantity of roses (boxes) | 1,000 | 0 |
Quantity of computers | 0 | 2,000 |
(b) Columbia Production Possibilities | One Possibility | Another Possibility |
Quantity of roses (boxes) | 2,000 | 0 |
Quantity of computers | 0 | 1,000 |
Reference: Ref 8-8 Table: Production Possibilities
(Table: Production Possibilities) Use Table: Production Possibilities. The
Select one:
a. the United States; 1
b. Colombia; 2
c. the United States; 2
d. Colombia; 0.5
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