Economics > QUESTIONS & ANSWERS > ECON 333 Lesson 03 Practice Quiz 2 Answers (Penn State University), Latest Questions and Answers wit (All)

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ECON 333 Lesson 03 Practice Quiz 2 Answers (Penn State University), Latest Questions and Answers with Explanations, All Correct Study Guide, Download to Score A

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ECON 333 Lesson 03 Practice Quiz 2 Answers (Penn State University), Latest Questions and Answers with Explanations, All Correct Study Guide, Download to Score A QUESTION 1 The opportunity cost of ... one more slice of pizza in terms of sodas is the QUESTION 2 The United States can use all its resources to produce 250 DVDs or 500 shoes. China can use all of its resources to produce 30 DVDs or 300 shoes. The opportunity cost of producing a DVD in the United States is QUESTION 3 On a production possibilities frontier, 500 pounds of apples and 1,200 pounds of bananas can be produced while at another point on the same frontier, 300 pounds of apples and 1,300 pounds of bananas can be produced. Between these points, what is the opportunity cost of producing a pound of apples? QUESTION 4 If John can produce 10 chairs or 20 lamps during a week while Mary can produce 12 chairs or 22 lamps in the same time, who has the absolute advantage in producing each good? QUESTION 5 If a country has [Show More]

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