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Author Question: The above table shows production combinations on a country's production possibilities frontier. A ... (Read 58 times)

tatyanajohnson

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The above table shows production combinations on a country's production possibilities frontier. A movement from ________ involves the greatest opportunity cost of increasing the production of good Y.
 
  A) point E to point D
  B) point D to point C
  C) point C to point B
  D) point B to point A

Question 2

A tariff on imported peanuts ________ the quantity of peanuts imported and ________ the domestic price of peanuts.
 
  A) decreases; decreases
  B) decreases; increases
  C) increases; lowers
  D) does not change; increases



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mk6555

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Answer to Question 1

D

Answer to Question 2

B




tatyanajohnson

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


lkanara2

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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