54) Use the production possibilities frontiers in Exhibit 4 to answer the question. Assume each country has the same number of workers, say 20 million, and that each axis is measured in metric tons per month. The opportunity cost of producing a metric ton of b
Answer is:
3 tons of fruit.
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
Joe should hire the assistant as long as he pays the assistant less than Rs.25 per hour.
Answer is:
1-F,2-T,3-F
Answer is:
1-F,2-T,3-T
Answer is: