Use the following to answer questions :
-(Table: Comparative Advantage I) Look at the table Comparative Advantage I. The opportunity cost of producing 1 box of herring for Finland is _____ box(es) of cell phones.
A)10
B)0.2
C)5
D)0.1

Question

Use the following to answer questions : 
-(Table: Comparative Advantage I) Look at the table Comparative Advantage I. The opportunity cost of producing 1 box of herring for Finland is _____ box(es) of cell phones.
A)10 
B)0.2 
C)5 
D)0.1

Quizplus · Accepted Answer

The opportunity cost of producing 1 box of herring for Finland is 0.2 box(es) of cell phones. This is because Finland can produce 5 boxes of cell phones for every 1 box of herring that it produces.

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