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If Countries a and B Produce Only Either Rubber Bands

Question 226

Multiple Choice

If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules. If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules.   In country A the opportunity cost of 1 paper clip is A) 2 rubber bands. B) 1 rubber band. C) 1/2 rubber band. D) 1/4 rubber band. In country A the opportunity cost of 1 paper clip is


A) 2 rubber bands.
B) 1 rubber band.
C) 1/2 rubber band.
D) 1/4 rubber band.

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