ANCOSAThe cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is twoelectric power plants, each serving a town of 60,000 population. It is two fine, fully equippedhospitals. It is some 50 miles of concrete highway." Source:https://www.juneauempire.com/opinion/opinion-guns-vs-butter-and-greed-over-all/ Accessed:14/08/22The dilemma that all nations confront in the above example is that...A. an increase in national defence is only possible if we produce more civilian goods and services.B. civilian goods and services can only be produced if we have adequate protection from themilitary.C. an increase in spending in national defence implies more sacrifices of civilian goods andservices.D. spending in national defence can be accomplished using the same resources at the same time.Assume that coffee and tea are substitutes. Derrick and Thandi are vendors at the station. Derricksells tea and Thandi coffee. They usually sell these drinks at R5 per cup. However, it is a cold Mondaymorning and Thandi decides to decrease the price of coffee to R4 a cup. The resultant effect wouldbe movement along the demand curve for coffee takes place since it is a change in the price ofcoffee.Select one:TrueFalseCConMa1.00PA

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ch serving a miles of concrete highway." Source: ire.com/opinion/opinion-guns-vs-butter-and-greed-over-all/ tions confront in the above example is that... tional defence is only possible if we produce more civilian god d services can only be produced if we have adequate protectie ending in national defence implies more sacrifices of civilian g onal defence can be accomplished using the same resources a d tea are substitutes. Derrick and Thandi are vendors at the stat ffee. They usually sell these drinks at R5 per cup. However, it is. ecides to decrease the price of coffee to R4 a cup. The resultant e demand curve for coffee takes place since it is a change in the

ch serving a miles of concrete highway." Source: ire.com/opinion/opinion-guns-vs-butter-and-greed-over-all/ tions confront in the above example is that... tional defence is only possible if we produce more civilian god d services can only be produced if we have adequate protectie ending in national defence implies more sacrifices of civilian g onal defence can be accomplished using the same resources a d tea are substitutes. Derrick and Thandi are vendors at the stat ffee. They usually sell these drinks at R5 per cup. However, it is. ecides to decrease the price of coffee to R4 a cup. The resultant e demand curve for coffee takes place since it is a change in the

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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