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.
Correct Answer:
Verified
Q101: Figure 22-2 Q101: If two countries each are currently producing Q102: Figure 22-4 Q103: Figure 22-3 Q107: Q108: Table 22-1 Q111: Figure 22-5 Q114: A country can gain by importing a Q116: The way in which a country benefits Q136: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
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