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Author Question: Refer to Table 2-20. What is Japan's opportunity cost of producing one pound of rice? A) 0.04 ... (Read 117 times)

lb_gilbert

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Refer to Table 2-20. What is Japan's opportunity cost of producing one pound of rice?
 
  A) 0.04 units of a wristwatch B) 4 wristwatches
  C) 25 wristwatches D) 40 wristwatches

Question 2

In cities with rent controls, the actual rents paid can be ________ than the legal maximum. One explanation for this is because there is a ________ of apartments, tenants are ________.
 
  A) lower; shortage; rarely willing to pay rents lower than the law allows
  B) lower; surplus; never willing to pay rents below the legal maximum
  C) higher; shortage; often willing to pay rents higher than the law allows
  D) higher; surplus; often forced to pay rents higher than the law allows


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Pariscourtney

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lb_gilbert

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Reply 2 on: Jun 29, 2018
Wow, this really help


Jossy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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