This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Alternate Outputs from One Day's Labor Input: United States: 12 bushels of wheat or 3 yards of ... (Read 58 times)

kaid0807

  • Hero Member
  • *****
  • Posts: 515
on: Jun 30, 2018
Alternate Outputs from One Day's Labor Input: United States: 12 bushels of wheat or 3 yards of textiles. Great Britain: 3 bushels of wheat or 12 yards of textiles. The opportunity cost of one bushel of wheat in Great Britain is
 a. 1 yard of textiles.
 b. 3 yards of textiles.
 c. 12 yards of textiles.
  d. 4 yards of textiles.

Question 2

Private solutions often are not possible due to the costs of negotiating and enforcing these solutions. Such costs are called:
 a. transaction costs.
 b. external costs.
 c. deadweight losses.
  d. social costs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


kaid0807

  • Member
  • Posts: 515
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Annual Water Use in the United States Annual Water Use in the United States
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Prevalence of Diabetes in the United States, 2010–2012, Age 20 and Older, Based on Race and ... Prevalence of Diabetes in the United States, 2010–2012, Age 20 and Older, Based on Race and ...
Prevalence and Sex Distribution of Top 10 Autoimmune Diseases Diagnosed in the United States Prevalence and Sex Distribution of Top 10 Autoimmune Diseases Diagnosed in the United States
Knead accessible leg and hip muscles; alternate with effleurage. Avoid massage of the medial side of ... Knead accessible leg and hip muscles; alternate with effleurage. Avoid massage of the medial side of ...
From Wheat Kernel to Flour From Wheat Kernel to Flour
Video: Wound Care

For a complete list of videos, visit our video library