Use the following to answer question:
-(Table: Production Possibilities for the United States and Canada)Use Table: Production Possibilities for the United States and Canada.Both nations can produce cars and lumber.In _____,the opportunity cost of _____ cars is _____ board feet of lumber.

Question

Use the following to answer question: 
-(Table: Production Possibilities for the United States and Canada)Use Table: Production Possibilities for the United States and Canada.Both nations can produce cars and lumber.In _____,the opportunity cost of _____ cars is _____ board feet of lumber.

Quizplus · Accepted Answer

DIn option C, the opportunity cost for Canada to produce 1 million cars is 6 million board feet of lumber, indicating that for every car produced, Canada foregoes the production of 6 board feet of lumber. In option D, the specific numbers (1 million cars and 166,000 board feet of lumber) suggest a detailed calculation of opportunity cost, which could be correct depending on the specific production possibilities not provided here. However, without the table, we can't calculate exact figures, but options C and D both address the concept of opportunity cost in a plausible manner.

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