Author Question: Refer to above figure. Given the opportunity to sell at world prices, the marginal (opportunity) ... (Read 94 times)

james0929 · **on:** Jun 30, 2018

Refer to above figure. Given the opportunity to sell at world prices, the marginal (opportunity) cost of selling a ton domestically is what?

What will be an ideal response?

Question 2

Historically those few developing countries which have succeeded in significantly raising their per-capita income levels

A) did not accomplish this with import-substituting industrialization.
B) did accomplish this with import-substituting industrialization.
C) tended to provide heavy protection to domestic industrial sectors.
D) favored industrial to agricultural or service sectors.
E) did so to the detriment of their nearest neighbors.