42) Suppose a country’s workers can produce 4 watches per hour or 12 rings per hour. If there is no trade
Answer is:
the opportunity cost of 1 watch is 3 rings
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
Australia has an absolute advantage in the production of both food and electronics
Answer is:
4 units of food.
Answer is:
2 units of food
Answer is: