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-Refer to Figure 15

Question 30

Multiple Choice

-Refer to Figure 15.1. The solid lines are production possibilities curves; the dashed lines are trading possibilities curves. The opportunity cost of producing a: A) pizza is 2 beers in both countries. B) beer is 1/2 a pizza in both countries. C) pizza in East Utopia is 1 beer. D) beer in West Utopia is 1/2 a pizza.
-Refer to Figure 15.1. The solid lines are production possibilities curves; the dashed lines are trading possibilities curves. The opportunity cost of producing a:


A) pizza is 2 beers in both countries.
B) beer is 1/2 a pizza in both countries.
C) pizza in East Utopia is 1 beer.
D) beer in West Utopia is 1/2 a pizza.

Correct Answer:

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