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ENGR.ECONOMIC ANALYSIS

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Q22

Кeps
Multiple Choice
The opportunity cost of making jaxs is lower in Orin than in Pohl.
Orin has a comparative advantage in both jaxs and keps.
Pohl has a comparative advantage in jaxs.
Orin is more efficient than Pohl.

The graph below shows the production possibility curves for two hypothetical nations, Orin and Pohl, which each make two hypothetical products, jaxs and keps. Which of the following statements is correct?
22
Jaxs
8
7
6
5
4
Orin
3
Pohl
2
1
1 2 3 4 5 6
7 8
Кeps
Multiple Choice
The opportunity cost of making jaxs i
lower in Orin than in Pohl.

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