Table 14-1
Alternate Outputs from One Day's Labour Input:
Canada: 12 bushels of wheat or 3 yards of textiles
Great Britain: 3 bushels of wheat or 12 yards of textiles
-Refer to Table 14-1.What is the opportunity cost of one bushel of wheat in Great Britain?
A) 1 yard of textiles
B) 3 yards of textiles
C) 4 yards of textiles
D) 12 yards of textiles
Correct Answer:
Verified
Q22: Table 14-2
Alpha can produce either 18 oranges
Q23: Table 14-2
Alpha can produce either 18 oranges
Q24: Table 14-2
Alpha can produce either 18 oranges
Q25: In Bangladesh,one person can produce 330 pounds
Q26: If Samoa could produce either 3 coconuts
Q28: In Samoa,the opportunity cost of producing 1
Q29: In Artland,the opportunity cost of producing 1
Q30: The opportunity cost of producing a pair
Q31: Table 14-1
Alternate Outputs from One Day's Labour
Q32: If two countries are each producing two
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