-The Table Above Gives the Production Possibilities Frontier for Two

question 11

Multiple Choice

-The table above gives the production possibilities frontier for two countries,Anaconda and Bear.The opportunity cost of moving from production point B to production point C for Anaconda equals ________ and for Bear equals ________.

• A) 1 ton of corn; 1 ton of corn
• B) 650 pairs of shoes; 900 pairs of shoes
• C) 550 pairs of shoes; 700 pairs of shoes
• D) 100 pairs of shoes; 200 pairs of shoes
• E) 50 pairs of shoes; 100 pairs of shoes

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Definitions:

Switching Costs

The costs that a consumer incurs as a result of changing brands, suppliers, or products, which can include financial costs, time, and effort.

Preemptive Practices

Strategies or actions taken by a business to prevent competitors from entering their market or to gain an advantage over them.

Small Businesses

Companies with limited revenue and staff, playing a vital role in the economy by providing localized services and innovations.

Private-Sector Employees

Refers to individuals who are employed by businesses or organizations that are not owned or operated by the government.