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Author Question: If a laborer in Mexico can produce 2 bushels of wheat or 4 bushels of corn in a day, the opportunity ... (Read 175 times)

notis

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If a laborer in Mexico can produce 2 bushels of wheat or 4 bushels of corn in a day, the opportunity cost of producing wheat is 4 bushels of corn.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A new U.S. import quota on imported steel would be likely to:
 a. reduce the cost of production to steel-using American firms.
  b. generate tax revenue to the government.
 c. increase U.S. production of steel.
 d. increase the production of steel-using American firms.



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meryzewe

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Answer to Question 1

False

Answer to Question 2

c




notis

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Reply 2 on: Jun 30, 2018
Gracias!


nyrave

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

 

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