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Graphs and Tables to accompany Assignment 1 A514 Figure 2-1 Figure 2-2 Figure 2-3 1 S. Rao Fig. 2-4 Figure 2-5 Figure 3-1 2 Table 3-1 Labor Hours...

Question 43 of 50 1.0 Points
Refer to Table 3-1. The opportunity cost of 1 pound of potatoes for the rancher is

A. 4 hours of labor.

B. 5 hours of labor.

C. 5/4 pounds of meat.

D. 4/5 pound of meat.
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Question 44 of 50 1.0 Points
In the circular-flow diagram,

A. income from factors of production flows from firms to households.

B. goods and services flow from households to firms.

C. factors of production flow from firms to households.

D. spending on goods and services flow from firms to households.

Graphs and Tables to accompany Assignment 1 A514 S. Rao Figure 2-1 Figure 2-2 Figure 2-3 1
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Fig. 2-4 Figure 2-5 Figure 3-1 2
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Economics - 8233918.doc

PFA... Refer to Table 3-1. The opportunity cost of 1 pound of potatoes for the rancher
is
A. 4 hours of labor.
B. 5 hours of labor.
C. 5/4 pounds of meat.
D. 4/5 pound of meat.
Answer:
C. 5/4...

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