Refer to Figure 2.1. What is the opportunity cost of increasing production of manufactured products from 500 tons to 600 tons per year?
A) 200 tons of agricultural products per year B) 400 tons of agricultural products per year
C) 500 tons of agricultural products per year D) 600 tons of agricultural products per year
Question 2
Explain the differences between inclusive and extractive economic institutions.
What will be an ideal response?