If a country has a straight (downward sloping) production possibilities frontier, then production is said to be subject to
A) constant opportunity costs.
B) decreasing opportunity costs.
C) first increasing and then decreasing opportunity costs.
D) increasing opportunity costs.
Question 2
Agriculture, clothing, and textiles are singled out for treatment in the chapter because
A) they tend to be the most highly protected sectors of industrial economies.
B) they tend to be the least-protected sectors internationally.
C) the policies of high-income nations in these sectors may have harmful effects in low-income countries.
D) A and C are both correct.
E) B and C are both correct.
The production of transgenic crops
An Estimate of the Time of Global Peak Conventional Oil Production
(a) IgA. (b) IgA production.
Global Coffee Production
Stem Cell Production
Suppose a country imports televisions. The country's supply and demand curves are shown in ...