Question 17 {1 point} raaiaarn I illlll'} . . . . . 108390120 130 mllnztuzrumm rill"! The opportunity cost of this economy moving from point I to point F is 0 zero. 0 4O blankets. O 120 pillows. O 360 blankets. Question 18 {1 point} Jim and Dwight have different abilities in the production of paper and pencils. Each person has 430 minutes [3 hours) available each day to produce paperand pencils. It takes Jim 3 minutes to produce a ream of paper and 0.5 minutes to produce a pencil. It takes Dwight 4 minutes to produce a ream of paper and 0.25 minutes to produce a pencil. Jim's opportunity cost of producing a ream of paperis _____ and Dwight's opportunity cost of producing a ream of paper is _____ O 6 pencils; U6 of a pencil O lit-3 of a pencil; lo pencils 0 6 pencils; 1-5 pencils None of the above Question 19 (1 point) Jim and Dwight have different abilities in the production of paper and pencils. Each person has 480 minutes (8 hours) available each day to produce paper and pencils. It takes Jim 3 minutes to produce a ream of paper and 0.5 minutes to produce a pencil. It takes Dwight 4 minutes to produce a ream of paper and 0.25 minutes to produce a pencil. has an absolute advantage in the production of paper and has an absolute advantage in the production of pencils. O Jim; Jim OJim; Dwight O Dwight; Jim O Dwight; Dwight Question 20 (1 point) Jim and Dwight have different abilities in the production of paper and pencils. Each person has 480 minutes (8 hours) available each day to produce paper and pencils. It takes Jim 3 minutes to produce a ream of paper and 0.5 minutes to produce a pencil. It takes Dwight 4 minutes to produce a ream of paper and 0.25 minutes to produce a pencil. has a comparative advantage in the production of paper and has an comparative advantage in the production of pencils. O Jim; Jim O Jim; Dwight O Dwight; Jim O Dwight; DwightQuestion 9 {1 point] The United States should adopt more open trade policies because they historically have caused increased economic growth. This is an example of what kind of statement? 0 Unequivocally true 0 Normative 0 Positive 0 Unequivocalh,r false Question 10 {1 point} When a production possibilities frontier is bowed outward, the opportunity cost of producing an additional unit of a good 0 increases as more of the good is produced. 0 decreases as more of the good is produced. 0 does not change as more of the good is produced. 0 may increase, decrease, or not change as more of the good is produced. Question 11 {1 point} Realistic production possibilities frontiers are bowed outward. This is because the more resources a society uses to produce one good, the fewer resources it has available to produce another good. 0 the opportunity cost of producing a good decreases as more and more of that good is produced. 0 of the effects of technological change. 0 resources are specialized; that is, some resources are relatively better at producing a particular good than other goods