Questions 1-60 of 60 Page Question 1 (1 point) (01.02 MC) Suppose the PPC of a producer producing two goods, A and B, is

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Questions 1 60 Of 60 Page Question 1 1 Point 01 02 Mc Suppose The Ppc Of A Producer Producing Two Goods A And B Is 1 (166.11 KiB) Viewed 25 times

Questions 1-60 of 60 Page Question 1 (1 point) (01.02 MC) Suppose the PPC of a producer producing two goods, A and B, is a straight line. Which of the following is true regarding the opportunity cost for the producer? a For every extra unit of A produced, the producer does not give up any of B. Ob For every extra unit of A produced, the producer gives up less of B. Oc For every extra unit of A produced, the producer gives up more of B. Od For every extra unit of A produced, the producer gives up the same amount of B. e For every extra unit of A produced, the producer is able to produce more of B. Question 2 (1 point) (01.03 MC) If Country A can produce 3 X or 6 Y. with a unit of labor and Country B can produce 3 X and 3 Y with a unit of labor, which of the following statements is true? O a Country B has absolute advantage in producing good Y, Country A has absolute advantage in producing good X. Country A has comparative advantage in producing good Y. Country B has absolute advantage and comparative advantage in producing good X. Neither country has comparative advantage in producing good X.. O O b C Od e