Assume Russia and the United States each produce only two goods,tanks and automobiles.The values in Table 17.1 represent the maximum amount of each good that can be produced using existing resources.
Table 17.1 - Full-employment output of goods
-Based on the information in Table 17.1,the opportunity cost of producing 1 tank in Russia is:

Question

Assume Russia and the United States each produce only two goods,tanks and automobiles.The values in Table 17.1 represent the maximum amount of each good that can be produced using existing resources.
Table 17.1 - Full-employment output of goods  
-Based on the information in Table 17.1,the opportunity cost of producing 1 tank in Russia is:

Quizplus · Accepted Answer

The Answer of Assume Russia and the United States each produce only two goods,tanks and automobiles.The values in Table 17.1 represent the maximum amount of each good that can be produced using existing resources.
Table 17.1 - Full-employment output of goods  
-Based on the information in Table 17.1,the opportunity cost of producing 1 tank in Russia is:

Assume Russia and the United States Each Produce Only Two