Table 3-5 -Refer to Table 3-5.The Opportunity Cost of 1 Airplane for of 1

question 67

Multiple Choice

Table 3-5

-Refer to Table 3-5.The opportunity cost of 1 airplane for the United States is

• A)4 cars.
• B)3 cars.
• C)1/3 car.
• D)1/4 car.

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Definitions:

Competitive Implications

The potential impacts on an organization's position in the market relative to others, as a result of its actions or changes in the environment.

Free Flow

The unimpeded movement or exchange of information, resources, or goods in an environment without restrictive regulations.

South African Development Community

A regional organization aimed at promoting economic growth, peace, and security among its member states in Southern Africa.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people.