Refer to the information provided in Table 33.2 below to answer the question(s) that follow.
Table 33.2
-Refer to Table 33.2. In Thailand, the opportunity cost of
A) a motorcycle is 1/15 of a tractor.
B) a motorcycle is 15 tractors.
C) a motorcycle is 1/30 of a tractor.
D) a tractor is 20 motorcycles.

Question

Refer to the information provided in Table 33.2 below to answer the question(s) that follow.
Table 33.2 
-Refer to Table 33.2. In Thailand, the opportunity cost of
A) a motorcycle is 1/15 of a tractor. 
B) a motorcycle is 15 tractors. 
C) a motorcycle is 1/30 of a tractor. 
D) a tractor is 20 motorcycles.

Quizplus · Accepted Answer

The opportunity cost of a motorcycle in Thailand is 1/15 of a tractor, meaning for every motorcycle produced, 1/15 of a tractor is forgone.

Refer to the Information Provided in Table 33