Author Question: If a country has a lower opportunity cost of producing oranges, then this is: a. inefficient ... (Read 70 times)

tth · **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.