Refer to the information provided in Table 18.1 below to answer the questions that follow.
Table 18.1
-Refer to Table 18.1. In Mexico, the opportunity cost of 1 bushel of bananas is

Question

Refer to the information provided in Table 18.1 below to answer the questions that follow.
Table 18.1 
-Refer to Table 18.1. In Mexico, the opportunity cost of 1 bushel of bananas is

Quizplus · Accepted Answer

According to the table, in Mexico, the opportunity cost of 1 bushel of bananas is 1 bushel of oranges. Therefore, the best choice(s) would be to specialize in the production of the good with the lower opportunity cost and then trade with other countries for the good with higher opportunity cost, which in this case would be oranges.

Refer to the Information Provided in Table 18