Answer:
C. His opportunity cost of one watermelon is 2/3 of a cantaloupe.
c. Fewer households can afford luxury imports
Step-by-step explanation: Opportunity Cost is an economic term used to describe the benefits or profits which a person or an investor gives up in order to make choice between alternatives.
Recession is a term used in economics to refer a state of decline in the general productive economic activities of a country or an economy, it is also the state of an economy where the Gross domestic product (GDP) growth is in the negative.
Answer: 22
Step-by-step explanation:
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