Use the following to answer questions :
-(Table: Production Possibilities for the United States and Canada) Look at the table Production Possibilities for the United States and Canada. Both nations can produce cars and lumber. In _____, the opportunity cost of _____ cars is _____ board feet of lumber.

Question

Use the following to answer questions : 
-(Table: Production Possibilities for the United States and Canada) Look at the table Production Possibilities for the United States and Canada. Both nations can produce cars and lumber. In _____, the opportunity cost of _____ cars is _____ board feet of lumber.

Quizplus · Accepted Answer

Canada can produce 1 million cars or 6 million board feet of lumber. So, the opportunity cost of 1 million cars is 6 million board feet of lumber.

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