Author Question: Gabriel operates a ranch in Idaho where he raises cattle and grows potatoes. The figure above ... (Read 97 times)

sammy · **on:** Jun 29, 2018

Gabriel operates a ranch in Idaho where he raises cattle and grows potatoes. The figure above illustrates his production possibilities frontier. What is Gabriel's opportunity cost of raising another 100 cows?

A) 5.0 tons of potatoes
B) 3.0 tons of potatoes
C) 1.25 tons of potatoes
D) 100 cows
E) 1.0 ton of potatoes

Question 2

Recall the Application. Unlike the Euro-zone, the United States does not just have a single currency, but also has a ________ that provides transfers to areas in economic distress.

A) single central bank B) unified fiscal system
C) national trade agreement D) federally funded emergency account