Refer to Figure 3-5. If Hosne and Merve each divides her time equally between making purses and making wallets, then total production is O a. 4 purses and 8 wallets. b. 7 purses and 7 wallets. c. 10 purses and 6 wallets. d. 14 purses and 14 wallets.

If John didn't go to the movie tonight with a friend, he would save the $5 parking fee and spend four hours at working overtime at $15 per hour. The opportunity cost of spending the evening at the movies with his friend is: O A. $0 OB. $5 C. $60 O D. $65

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Country Denali Congaree Suppose that initially Denali uses 1 million hours of labor per day to produce shorts and 3 million hours per day to produce almonds, while Congaree uses 3 million hours of labor per day to produce shorts and 1 million hours per day to produce almonds. As a result, Denali produces 6 million pairs of shorts and 36 million pounds of almonds, and Congaree produces 12 million pairs of shorts and 16 million pounds of almonds. Assume there are no other countries willing to engage in trade, so, in the absence of trade between these two countries, each country consumes the amount of shorts and almonds it produces. Shorts Almonds (Pairs per hour of labor) (Pounds per hour of labor) 6 12 16 Denali's opportunity cost of producing 1 pair of shorts is of almonds. Therefore, comparative advantage in the production of almonds. 4 Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In…

The outer flow in the circular flow diagram is measured in O goods and services produced inputs (factors of production) O government revenues O money MacBook Air 吕口 F3 D00 F4 F5 F6 F7 F8 2$ & 4 7 8 Y 6

Explanation it correctly