Micro 1.4-PPF, Absolute Advantage, Opp. Cost
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Last updated over 1 year ago
6 questions
1
Who has absolute advantage in cloth? Explain.
Who has absolute advantage in cloth? Explain.
0
Who has absolute advantage in wine? Explain.
Who has absolute advantage in wine? Explain.
1
What is the opportunity cost for France to make 1 Cloth?
What is the opportunity cost for France to make 1 Cloth?
0
Which technology method has the absolute advantage in Good 1? Explain.
Which technology method has the absolute advantage in Good 1? Explain.
0
Which technology method has the absolute advantage in Good 2? Explain.
Which technology method has the absolute advantage in Good 2? Explain.
0
What is the per unit opportunity cost for Technology 2 to move from B' to D'?
What is the per unit opportunity cost for Technology 2 to move from B' to D'?