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Author Question: The above table shows production combinations on a country's production possibilities frontier. A ... (Read 174 times)

tatyanajohnson

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on: Jun 29, 2018
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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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


tatyanajohnson

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
Excellent

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