The opportunity cost of every investment in capital goods is O absolute advantage. current consumption (consumer goods). O future consumption (capital goods today). comparative advantage. scarcity.

Intrepreneursdometrik.ta e.only succes In economics, when discussing the factors of production, the term land refers to A) farmland. B) real estate. capital goods. D) all natural resources. Which term would be used to describe the wood that is used when building a house

5. Diagram P, is a creation prospects bend on which two focuses, An and B, have been plotted. Diagrams P2 and p3 address conceivable p-p bends ten years later. Would P3 be bound to be reached in ten years if point A were chosen or point B? Clarify. Capital goods A B Consumption goods

Refer to the information provided in Figure 2.1 below for the economy of Macroland to answer the question(s) that follow. Capital goods Consumer goods Figure 2.1 Refer to Figure 2.1. If Macroland's economy is at Point A, it could produce more consumer goods O only by sacrificing some capital goods. O without sacrificing any capital goods. O only with additional resources. O only with technological improvements.