Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Question
Chapter 28, Problem 4SQ
To determine
The
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Table 1 shows the production possibilities for the USA and Mexico.
Table 1
Output per hour worked
Country
Computers
Shoes
USA
3
6 pairs
Mexico
1
3
Based on Table 1, the opportunity cost of a pair of shoes in the United States is
Group of answer choices
The United States can use all its resources to produce 116 desks or 500 shoes. China can use all of its resources produce 30 desks or 300 shoes . What is the opportunity cost (in shoes) of producing a desk in the United States ?
Trade creation results in?
Select one:
a) Greater revenue for the government
b) Reduced exports
c) Goods formerly produced domestically now imported
d) increased tariffs
e) Decreased productions
Chapter 28 Solutions
Economics For Today
Ch. 28.4 - Prob. 1GECh. 28.6 - Prob. 1GECh. 28 - Prob. 1SQPCh. 28 - Prob. 2SQPCh. 28 - Prob. 3SQPCh. 28 - Prob. 4SQPCh. 28 - Prob. 5SQPCh. 28 - Prob. 6SQPCh. 28 - Prob. 7SQPCh. 28 - Prob. 8SQP
Ch. 28 - Prob. 9SQPCh. 28 - Prob. 10SQPCh. 28 - Prob. 11SQPCh. 28 - Prob. 1SQCh. 28 - Prob. 2SQCh. 28 - Prob. 3SQCh. 28 - Prob. 4SQCh. 28 - Prob. 5SQCh. 28 - Prob. 6SQCh. 28 - Prob. 7SQCh. 28 - Prob. 8SQCh. 28 - Prob. 9SQCh. 28 - Prob. 10SQCh. 28 - Prob. 11SQCh. 28 - Prob. 12SQCh. 28 - Prob. 13SQCh. 28 - Prob. 14SQCh. 28 - Prob. 15SQCh. 28 - Prob. 16SQCh. 28 - Prob. 17SQCh. 28 - Prob. 18SQCh. 28 - Prob. 19SQCh. 28 - Prob. 20SQ
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