Countries A and B produce only rubber bands and paper clips under the production possibilities schedules shown below: 
In country A the opportunity cost of 1 paper clip is:
A) 2 rubber bands
B) 1 rubber band
C) ½ rubber band
D) ¼ rubber band
The opportunity cost of 1 paper clip = 40/80 = ½ rubber band.
Correct Answer:
Verified
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