Multiple Choice
Table 16.1
Table 16.1 shows the quantities of cookies and coffee that can be produced with the full amount of resources available in each of two countries, Alpha and Beta.
-Using the information in Table 16.1, which statement is TRUE?
A) Both countries have the same opportunity cost of producing cookies.
B) Beta has the lower opportunity cost of producing cookies.
C) Alpha has the lower opportunity cost of producing cookies.
D) Alpha has the lower opportunity cost of producing both coffee and cookies.
Correct Answer:
Verified
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