Refer to the information provided in Figure 18.1 below to answer the questions that follow. Figure 18.1
-Refer to Figure 18.1. The opportunity cost of producing a bushel of alfalfa in the United States is
A) twice as much as that in Canada.
B) half as much as that in Canada.
C) the same as that in Canada.
D) four times as much as that in Canada.

Question

Refer to the information provided in Figure 18.1 below to answer the questions that follow.  Figure 18.1
-Refer to Figure 18.1. The opportunity cost of producing a bushel of alfalfa in the United States is
A) twice as much as that in Canada. 
B) half as much as that in Canada. 
C) the same as that in Canada. 
D) four times as much as that in Canada.

Quizplus · Accepted Answer

According to the figure, the opportunity cost of producing a bushel of alfalfa in the United States is 1/2 of a bushel of barley, while in Canada, it is 2 bushels of barley. Therefore, the opportunity cost of producing a bushel of alfalfa is half as much in the United States as it is in Canada.

Refer to the Information Provided in Figure 18