For purposes of determining comparative advantage, the cost of ...

[anjilletteb]

For purposes of determining comparative advantage, the cost of producing a good in each of two countries is measured in terms of:
 a. metric units only.
  b. opportunity costs.
  c. total costs.
  d. the currency of the importing country.
  e. the currency of the exporting country.

Question 2

Suppose Mark invests a sum of 100,000 in a new venture. To fund his investment, Mark withdraws 50,000 from a savings account paying 10 per year and uses the proceeds from a bond that has just matured worth 50,000 . If he had reinvested the proceeds from the bond, he could have earned interest at the rate of 5. Calculate the opportunity cost of capital for Mark in a particular year.
 a. 5,000
  b. 7,500
  c. 10,000
  d. 12,500
  e. 100,000

[Joc]

Answer to Question 1

b

Answer to Question 2

b

[anjilletteb]

Gracias!

[Missbam101]

Excellent