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Author Question: If resources and goods are free to move across states and if Oregon producers choose to specialize ... (Read 75 times)

lidoalex

  • Hero Member
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on: Jun 30, 2018
If resources and goods are free to move across states and if Oregon producers choose to specialize in producing honey while California producers choose to specialize in growing almonds, then we could reasonable conclude that:
 a. California has a comparative advantage in producing almonds.
 b. Oregon has a comparative advantage in producing honey.
 c. the opportunity cost of growing almonds is lower in California than in Oregon.
  d. all of the above are true.

Question 2

Which of the following would not be considered an investment in human capital?
 a. education
 b. training programs
 c. transportation infrastructure
  d. literacy programs


ndhahbi

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


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