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Answer the Next Question on the Basis of the Following

Question 36

Multiple Choice

Answer the next question on the basis of the following production possibilities data for two countries,Alpha and Beta,which have populations of equal size. Answer the next question on the basis of the following production possibilities data for two countries,Alpha and Beta,which have populations of equal size.   The domestic opportunity cost of: A)  producing a ton of chips in Alpha is <sup>1</sup>/<sub>5</sub> of a ton of fish. B)  producing a ton of chips in Beta is 6 tons of fish. C)  catching a ton of fish in Alpha is 5 tons of chips. D)  catching a ton of fish in Beta is 6 tons of chips. In Beta,the ratio is 60 fish = 10 chips,or 6 fish = 1 chip. The domestic opportunity cost of:


A) producing a ton of chips in Alpha is 1/5 of a ton of fish.
B) producing a ton of chips in Beta is 6 tons of fish.
C) catching a ton of fish in Alpha is 5 tons of chips.
D) catching a ton of fish in Beta is 6 tons of chips.
In Beta,the ratio is 60 fish = 10 chips,or 6 fish = 1 chip.

Correct Answer:

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