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Question 2 Because resources are scarce, the opportunity cost to an economy of investment in capital assets is zero. forgone
According to Figure 1 below, as the economy moves from Po A to Point E, the opportunity cost of motorcycles, measured int o o
estion 4 Refer to Table 1 below. Table 1 Molly Pete Avatar Design Tattoo Design Which of the following statements is true? Mo
Refer to Figure 3 below. Which of the following would be most likely to cause the demand for Dr Pepper to shit from Dy to Z P
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Answer #1

a) "C"

Its foregone present consumption in the market, the answer is "C".

b) "B"

It will increase.

c) "D"

Pete has a comparative advantage in the tattoo design and Molly has a comparative advantage in the production of Avatar design.

d) "B"

A decrease in the price of the 7 up. that is a substitute of the goods in the market.

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