Exhibit 2.1

-Refer to Exhibit 2.1 which shows the production for rice and T-shirts for two countries: Costa Rica and the United States. In the United States, the opportunity cost of 1 ton of rice is: For answer to be correct, for the United States, on the vertical axis, maximum T-shirt production should touch 1000 units.
A) equal to 1/2 of a T-shirt.
B) equal to 3/4 of a T-shirt.
C) equal to 1 T-shirt.
D) equal to 11/2 T-shirts.
E) equal to 2 T-shirts.
Correct Answer:
Verified
Q72: Barter occurs when _
A) two people share
Q73: Hans can do 4 loads of laundry
Q74: Money facilitates trade because _
A) it eliminates
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