quiz 3 economics chapter 3

http://highered.mcgraw-hill.com/olc2/dl/627562/q6.jpg In Beta, the domestic opportunity cost of one unit of good X is: Answers: 1 unit of Y 1.5 units of Y 2 units of X 3 units of Y

1.5 units of Y

http://highered.mcgraw-hill.com/olc2/dl/627562/q6.jpg According to the concept of comparative advantage: Answers: a. Alpha should specialize in the production of X; Beta in the production of Y b. Alpha should produce some of both good X and Y c. Beta should produce some of both goods X and Y d. Beta should specialize in the production of X; Alpha in the production of Y

Beta should specialize in the production of X; Alpha in the production of Y