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. The opportunity cost of _____ is _____ in the United States as (than) in Mexico.

Question

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. The opportunity cost of _____ is _____ in the United States as (than) in Mexico.

Quizplus · Accepted Answer

The opportunity cost of tractors is lower in the United States than in Mexico. This is because the United States can produce more tractors with the same amount of resources than Mexico can.

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