Opportunity costs differ among nations primarily because
A) nations employ different currencies.
B) nations have different amounts of land, labor skills, capital, and technology.
C) nations have different religious, political, and economic institutions.
D) the work-leisure preferences of people vary considerably from one nation to another.

Question

Quizplus · Accepted Answer

Opportunity costs differ among nations primarily due to the varying amounts of resources such as land, labor skills, capital, and technology that each nation possesses, which affects their production capabilities and economic decisions.

Opportunity Costs Differ Among Nations Primarily Because