# ECON8305docx (222).pdf - 266 iChapter i2u2014Choice...

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266. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest123 i Figure i 2-14 nar016-1.jpg Refer i to i Figure i 2-14. i If i Fred i has i 1 i book i and i 45 i beers, i the i marginal i opportunity i cost i of i one i more i book i is i 40 i beers. a. i True *b. i False 267. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest124 i Figure i 2-14 nar016-1.jpg Refer i to i Figure i 2-14. i Fred i could i have i either i 40 i beers i and i 2 i books i or i 48 i beers i and i 1 i book. a. i True *b. i False 268. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest125 i In i order i to i get i the i most i from i their i productive i capabilities, i nations i and i individuals i specialize i in i activities i in i which i their i opportunity i costs i are i lowest. *a. i True b. i False 269. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest126 i International i trade i is i a i kind i of i zero-sum