Refer to Table 2-2. Assume Nadia's Neckties only produces ascots ...

[Mollykgkg]

Refer to Table 2-2. Assume Nadia's Neckties only produces ascots and bowties. Nadia faces ________ opportunity costs in the production of ascots and bowties.
 
  A) negative B) decreasing C) increasing D) constant

Question 2

Refer to Table 11-5. Consider the statistics in the table above in describing the industrialized countries. Are these consistent with the economic growth model? Briefly explain.
 
  What will be an ideal response?

[Kdiggy]

Answer to Question 1

D

Answer to Question 2

These statistics for selected industrial economies are consistent with the economic growth model. The countries with the lowest levels of real GDP per capita in 1960 had the fastest growth rates between 1960 and 2000. The countries with the highest levels of real GDP per capita had the slowest growth rates.