The Data in Table 2.1.1 Illustrate That

question 42

Multiple Choice

The data in Table 2.1.1 illustrate that

• A)the producer has a comparative advantage in the production of Y.
• B)the producer has a comparative advantage in the production of X.
• C)the opportunity cost of producing an additional unit of Y increases as the production of Y increases.
• D)the opportunity cost of producing an additional unit of Y decreases as the production of Y increases.
• E)the opportunity cost of producing an additional unit of Y is constant as the production of X increases.

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Definitions:

Initial Value

The beginning amount or worth of an object, financial asset, or parameter before it undergoes any changes.

Final Value

An alternative term for future value,indicating the amount of money an investment will grow to at a future date, based on specified conditions.

Airfares

The cost of a passenger flight ticket.

Winnipeg

A city in Canada, known as the capital of the province of Manitoba, with a diverse economy and cultural scene.