Multiple Choice
Table 16.6
Table 16.6 shows the combinations of quantities of two goods, gallons of ice cream and yards of textiles, that can be produced with all of the resources available in two countries, X and Y.
-Refer to Table 16.6. What is the opportunity cost for country Y to produce one gallon of ice cream?
A) One-third of a yard of textiles
B) One-half of a yard of textiles
C) 2 yards of textiles
D) 3 yards of textiles
Correct Answer:
Verified
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