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The opportunity cost of one more slice of pizza in terms of sodas is the Question 1 options: A) number of sodas we have to
The opportunity cost of one more slice of pizza in terms of sodas is the Question 1 options: A) number of sodas we have to give up in order to get one extra pizza slice. B) number of pizza slices we have to give up in order to get one extra soda. C) price of a pizza slice minus the price of a soda. Question 2 (1 point) Which of the following is the best definition of economic growth? Question 2 options: A) Increased development of land and entrepreneurship B) The investment in capital and consumption goods by an economy C) The opportunity cost of capital D) The sustained expansion of production possibilities Question 3 (1 point) Moving between two points on a PPF, a country gains 6 automobiles and forgoes 3 trucks. The opportunity cost of 1 automobile is Question 3 options: A) 1/2 of a truck. B) 3 trucks. C) 2 trucks. D) 1 automobile
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