Refer to the information provided in Figure 20.1 below to answer the question(s) that follow. Figure 20.1
-Refer to Figure 20.1. The opportunity cost of producing a bushel of alfalfa in the United States is
A) twice as much as that in Canada.
B) half as much as that in Canada.
C) the same as that in Canada.
D) four times as much as that in Canada.

Question

Refer to the information provided in Figure 20.1 below to answer the question(s) that follow.  Figure 20.1
-Refer to Figure 20.1. The opportunity cost of producing a bushel of alfalfa in the United States is
A) twice as much as that in Canada. 
B) half as much as that in Canada. 
C) the same as that in Canada. 
D) four times as much as that in Canada.

Quizplus · Accepted Answer

The opportunity cost of producing a bushel of alfalfa in the United States is half as much as that in Canada because the ratio of production between the two countries indicates that the United States can produce alfalfa more efficiently compared to Canada, thus requiring less sacrifice of other goods.

Refer to the Information Provided in Figure 20