Opportunity cost" in economics basically is what you have to give up to get somethingnot necessarily restricted to dollar amounts. What is the opportunity cost of your going to college? (Note that this is not necessarily something that you can just look up or copy from a friendyou need to think about it and the answers may very well be different for each student. Also, I am not looking for any exact monetary calculation.) Draw a production possibilities curve for food and clothing. If you are operating on the curve, what is the opportunity cost of producing more clothing? If you are on the curve, is it possible to increase production of one good without decreasing the production of the other? What is the difference between absolute and comparative advantage? If Country A has an absolute advantage in computers and food over Country B, Country A has a comparative advantage in computers and Country B has a comparative advantage in food, what should happen in terms of specialization and trade? Why is the demand curve downward sloping? What are two factors that would cause the demand curve to shift to the left? Why is the supply curve upward sloping? What