Daily Output of Scotland and Poland

Table 18.1
-Refer to Table 18.1.The opportunity cost of an accordion in Scotland is

Name: Daily Output of Scotland and Poland Table 18.1 -Refer to Table 18.1.The opportunity cost of an accordion in Scotland is
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Question

Daily Output of Scotland and Poland
  
Table 18.1
-Refer to Table 18.1.The opportunity cost of an accordion in Scotland is

Quizplus · Accepted Answer

The opportunity cost of an item is what you give up to get that item. In this case, if Scotland produces 1 accordion, it gives up the production of 2 bagpipes, making the opportunity cost of an accordion in Scotland 2 bagpipes.