Author Question: Refer to Table 2-16. What is Estonia's opportunity cost of producing one board foot of lumber? A) ... (Read 57 times)

ahriuashd · **on:** Jun 29, 2018

Refer to Table 2-16. What is Estonia's opportunity cost of producing one board foot of lumber?

A) 0.2 cell phones B) 5 cell phones C) 8 cell phones D) 32 cell phones

Question 2

Refer to Table 4-8. If a minimum wage of 9.50 is mandated there will be a

A) surplus of 20,000 units of labor. B) surplus of 10,000 units of labor.
C) shortage of 10,000 units of labor. D) shortage of 20,000 units of labor.