Question 1 Figure 2-3 Not yet answered Tractors Marked out of 1.00 B Flag question . D Tubas Refer to Figure 2-3. Which point or points are inefficient? O a. point D O b. point C O c. points D and C O d. points A and CQuestion 2 Figure 2.4 Not yet answered Marked out of 1.00 Vf' Flag question 10 20 so am 50 50 m Toolhhrushe Ftefer to Figure 2-4. Suppose the economy is at point A. What is the opportunity cost of increasing the product of toothbrushes by 20 units? a. 40 toasters o. 20 toasters c. 30 toasters d. 10 toasters Question 4 Figure 2-6 Not yet Baseballs answered 200 A Marked out of 1.00 Flag question 100 100 200 300 400 Bananas Refer to Figure 2-6. What is the opportunity cost to society of moving from point B to point D? O a. 50 bananas and 100 baseballs O b. 50 bananas and 50 baseballs O c. 100 bananas and 50 baseballs O d. 100 bananas and 100 baseballsQuestion 11 Table 3-3 Not yet answered Labour hours needed to make one unit: Amount produced in 160 hours: Marked out of 1.00 Quilts Dresses Quilts Dresses Flag question Helen 40 10 4 16 Carolyn 80 16 2 10 Refer to Table 3-3. What is the opportunity cost of one dress for Helen? O a. 1/2 quilt O b. 4 quilts O c. 1 quilt O d. 1/4 quiltQuestion 12 Table 3-2 Not yet answered Labour hours needed Kilograms produced in Marked out of . 1.00 to make 1 kilogram: 40 hours: , . Meat Potatoes Meat Potatoes t- Flag question Farmer 4 1 10 4D Rancher 4 5 10 B Fteter to Table 3-2. What does each producer have a comparative advantage in? a. The rancher has a comparative advantage in neither good, and the farmer has a comparative advantage in both goods. in. The rancher has a comparative advantage in potatoes. and the farmer has a comparative advantage in meat. c. The rancher has a comparative advantage in meat. and the farmer has a comparative advantage in potatoes. d. The rancher has a comparative advantage in both goods, and the farmer has a comparative advantage in neither good. Question 13 Table 3-3 Not yet answered Marked out of Labour hours needed to make one unit: Amount produced in 160 hours: 1.00 Quilts Dresses Quilts Dresses Flag question Helen 40 10 4 16 Carolyn 80 16 2 10 Refer to Table 3-3. How could Helen and Carolyn both benefit? O a. by Helen specializing in dresses and Carolyn specializing in quilts O b. by Helen specializing in neither good and Carolyn specializing in both goods O c. by Helen specializing in both goods and Carolyn specializing in neither good O d. by Helen specializing in quilts and Carolyn specializing in dressesQuestion 14 Figure 3-4 Not yet answered In Beer T Beer 10 Marked out of 1.00 8* Flag question Ben 3 Jerry 5 9 Wine 7 0 Wine Refer to Figure 3-4. For Jerry, what is the opportunity cost of one bottle of wine? O a. 1/2 bottle of beer O b. 3 bottles of beer O c. 1/3 bottle of beer O d. 1 bottle of beerQuestion 15 Figure 3-4 Not yet answered T Beer 10 10 4 Marked out of 9-+ 9 1.00 Flag question 6+ Ben 4 . 3 + Jerry 1 1 3 5 6 7 9 9 Wine 8 0 Wine Refer to Figure 3-4. For Jerry, what is the opportunity cost of one bottle of beer? O a. 1/2 bottle of wine O b. 1 bottle of wine O c. 3 bottles of wine O d. 1/3 bottle of wineQuestion 16 Table 3-2 Not yet answered Labour hours needed Kilograms produced in Marked out of 1.00 to make 1 kilogram: 40 hours: Meat Potatoes Meat Potatoes Flag question Farmer 4 10 40 Rancher 4 5 10 8 Refer to Table 3-2. How could the farmer and rancher both benefit? O a. by the farmer specializing in meat and the rancher specializing in potatoes O b. by the farmer specializing in potatoes and the rancher specializing in meat O c. by the farmer specializing in neither good and the rancher specializing in both goods O d. by the farmer specializing in both goods and the rancher specializing in neither good