This table shows how much cotton and cocoa can be produced in Peru and Brazil with one unit of equivalent resources.
TABLE 32-4
-Refer to Table 32-4.The opportunity cost of a bushel of cocoa beans in Peru is
A) 1/2 bale cotton.
B) 1 bale cotton.
C) 1/6 bale cotton.
D) 1/3 bale cotton.
E) 2/3 bale cotton.
Correct Answer:
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