At a point on a production possibilities curve, opportunity cost ...

[PhilipSeeMore]

At a point on a production possibilities curve, opportunity cost of more capital goods today is
 
  A) fewer capital goods in the future.
  B) fewer consumer goods in the future.
  C) fewer consumer goods today.
  D) more unemployed resources in the future.

Question 2

Regarding open economies, economists tend to find evidence that
 
  A) the more closed an economy is, the higher the rate of growth the economy will experience.
  B) trade tariffs tend to improve economic growth.
  C) free trade encourages a more rapid spread of technology, and hence increases economic growth.
  D) open economies tend to have access to smaller markets than do closed economies.

[mistyjohnson]

Answer to Question 1

C

Answer to Question 2

C

[PhilipSeeMore]

Thank you

[mistyjohnson]

No problemo