Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day.On the other hand,a Canadian worker can produce 10 pairs of shoes or grow 20 apples per day.The opportunity cost of one pair of shoes for the United States is _______,while the opportunity cost of one pair of shoes for Canada is _________. A) 5 apples; 2 apples B) ¹/₅ apple; Â½ apple C) 2,000 apples; 200 apples D) 100 apples; 20 apples

Question

Quizplus · Accepted Answer

The opportunity cost of one pair of shoes for the United States is 5 apples (100 apples/20 shoes), and for Canada, it is 2 apples (20 apples/10 shoes).

Suppose an American Worker Can Make 20 Pairs of Shoes