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 pasta for Italy is:
A) 2/5 pound of linen.
B) 4 pounds of linen.
C) 1/4 pound of linen.
D) 2 hours of labor.
Correct Answer:
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