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Author Question: If a country has a lower opportunity cost of producing oranges, then this is: a. inefficient ... (Read 31 times)

tth

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on: Jun 30, 2018
If a country has a lower opportunity cost of producing oranges, then this is:
 a. inefficient resource use.
  b. an absolute advantage.
  c. a tariff.
  d. a comparative advantage.
  e. a situation where oranges should be imported.

Question 2

Some cities finance their airports with a departure tax: every person leaving the city by plane is charged a small fixed dollar amount that is used to help pay for building and running the airport. The departure tax follows the:
 a. benefits-received principle.
  b. ability-to-pay principle.
  c. flat-rate taxation principle.
  d. public-choice principle.


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kaykay69

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


tth

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Reply 2 on: Jun 30, 2018
Excellent

softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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