Use the following to answer questions: Table: Production Possibilities for Italy and Belgium Labor Hours Needed to Make One
-(Table: Production Possibilities for Italy and Belgium) According to the table on production possibilities for Italy and Belgium, the opportunity cost of 1 pound of linen for Belgium is:
A) 5 pounds of pasta.
B) 4 pounds of pasta.
C) 1/4 pound of pasta.
D) 20 pounds of pasta.
Correct Answer:
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Figure: PPF
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