Solved

Figure 22-2 -In Figure 22-2

Question 116

Multiple Choice

Figure 22-2
Figure 22-2 -In Figure 22-2, A) the opportunity cost of 1 unit of wheat in the United States is a 2/3 unit of petroleum. B) the opportunity cost of 1 unit of wheat in Mexico is a 2/3 unit of petroleum. C) the opportunity cost of wheat is higher in the United States than it is in Mexico. D) the United States has a comparative advantage over Mexico in the production of petroleum.
-In Figure 22-2,


A) the opportunity cost of 1 unit of wheat in the United States is a 2/3 unit of petroleum.
B) the opportunity cost of 1 unit of wheat in Mexico is a 2/3 unit of petroleum.
C) the opportunity cost of wheat is higher in the United States than it is in Mexico.
D) the United States has a comparative advantage over Mexico in the production of petroleum.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q11: Is it possible for a country to

Q92: If a nation has "cheap labor,"
A)it can

Q101: If two countries each are currently producing

Q109: Table 22-1 Table 22-1 </p></div><svg width=

Q111: Figure 22-5
Figure 22-5 </p></div><svg width=

Q114: A country can gain by importing a

Q116: The way in which a country benefits

Q117: Suppose that with 1 unit of labor,

Q118: Suppose that the United States can make

Q140:
</p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents