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.
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.
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