Author Question: Refer to Figure 18.2. The opportunity cost of producing spears in Macadamia is A) 3/4 of a ... (Read 64 times)

mckennatimberlake · **on:** Jun 30, 2018

Refer to Figure 18.2. The opportunity cost of producing spears in Macadamia is

A) 3/4 of a fishing pole. B) 5/6 of a fishing pole.
C) 6/5 fishing poles. D) 4/3 fishing poles.

Question 2

Which adjustment(s) must be made to convert net domestic product to GDP?
i. add indirect taxes
ii. subtract subsidies
iii. add depreciation

A) i, ii and iii B) i and ii C) iii only D) i and iii only E) ii only