3 years ago

Goods with the highest opportunity costs are most efficient to produce. True or false? (3 Points)

History

2 answers:

solong [7]3 years ago

4 0

True and I hope this isn't 3 points

Law Incorporation [45]3 years ago

3 0

The answer is false. "Therefore, if given a choice between producing two goods, a country will make the most efficient use of its resources by producing the good with the lowest opportunity cost, the good in which it holds the comparative advantage , and by trading for the other good."

You might be interested in

Why did the Sioux live in structures like those depicted in the image?

Tomtit [17]

Answer:

They reinforced egalitarian social structures

Explanation:

6 0

3 years ago

Read 2 more answers

Would focusing on self-improvement do more to change the world for the better than attempting to change the world?

grin007 [14]

Focusing on yourself would be more important than trying to change other people, as long as you’re changing for the better then you could be part of changing the world...

4 0

3 years ago

Anya got $12 for her birthday. She considers buying a DVD of her favorite movie for $11. She also thinks about buying a new T-sh

mafiozo [28]

Here we have two different decisions. Opportunity cost of buying the CD and not buying the DVD is 1: ($11-$10). And opportunity cost of buying the CD and not buying the new T-shirt is 4: ($14-10). Opportunity cost is the difference between the value of the option chosen and the value of the best option not made. If the option I choose gives me a benefit of 10 but there is an alternative option offered by 12, the opportunity cost is 2.

7 0

3 years ago

Hillary Rodham Clinton, the first lady,

Leno4ka [110]

I think it would be A

5 0

3 years ago

What are two ways that the Spanish influenced Mexican culture?

9966 [12]

Answer:

The answer is C food

Explanation:

3 0

3 years ago