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Question 1 (1 point)

Question: Question 1 (1 point)Figure 10.1What is Charlie’s opportunity cost of making one pair ofshort...

Figure 10.1

Question: Question 1 (1 point)Figure 10.1What is Charlie’s opportunity cost of making one pair ofshort...

What is Charlie’s opportunity cost of making one pair of
shorts?

Question 1 options:

1/2 a dress

2/3 a dress

1 and 1/3 dresses

1 and 1/2 dresses

None of the above

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Question 2 (1 point)

Question: Question 1 (1 point)Figure 10.1What is Charlie’s opportunity cost of making one pair ofshort...

Using Figure 10.1, who should specialize in making short?

Question 2 options:

Charlie

Ben

Neither

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Question 3 (1 point)

Question: Question 1 (1 point)Figure 10.1What is Charlie’s opportunity cost of making one pair ofshort...

Using figure 10.1, which of the following exchange rates would
make both parties better off under trade?

Question 3 options:

1 pair of shorts for 1 dress

1 pair of shorts for 1 and 1/2 dresses

1 pair of shorts for 1 and 3/4 dresses

1 pair of shorts for 2 dresses

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