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Figure 2-14 Figure 2-14 Shows the Production Possibilities Frontiers

Question 338

Multiple Choice

Figure 2-14 Figure 2-14   Figure 2-14 shows the production possibilities frontiers for Greenland and Iceland. Each country produces two goods, snow cones and popsicles. -Refer to Figure 2-14. What is the opportunity cost of producing 1 popsicle in Greenland? A)  2/3 of a snow cone B)  5/6 of a snow cone C)  1 1/5 snow cones D)  240 snow cones Figure 2-14 shows the production possibilities frontiers for Greenland and Iceland. Each country produces two goods, snow cones and popsicles.
-Refer to Figure 2-14. What is the opportunity cost of producing 1 popsicle in Greenland?


A) 2/3 of a snow cone
B) 5/6 of a snow cone
C) 1 1/5 snow cones
D) 240 snow cones

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