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Question 70

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Use the following to answer questions : Use the following to answer questions : -(Table: The Production Possibilities for Tractors and Crude Oil) Look at the table The Production Possibilities for Tractors and Crude Oil. Which of the following is TRUE? A) The opportunity cost of crude oil is lower in the United States than in Mexico. B) The opportunity cost of crude oil is higher in the United States than in Mexico. C) Crude oil costs are the same in the United States and in Mexico. D) Tractor costs are the same in the United States and in Mexico.
-(Table: The Production Possibilities for Tractors and Crude Oil) Look at the table The Production Possibilities for Tractors and Crude Oil. Which of the following is TRUE?


A) The opportunity cost of crude oil is lower in the United States than in Mexico.
B) The opportunity cost of crude oil is higher in the United States than in Mexico.
C) Crude oil costs are the same in the United States and in Mexico.
D) Tractor costs are the same in the United States and in Mexico.

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