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 soybeans in the Canada is
A) 2/3 as much as that in the United States.
B) 1/2 as much as that in the United States.
C) twice as much as that in the United States.
D) the same as that in the United States.

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 soybeans in the Canada is
A) 2/3 as much as that in the United States. 
B) 1/2 as much as that in the United States. 
C) twice as much as that in the United States. 
D) the same as that in the United States.

Quizplus · Accepted Answer

According to the information in the graph, the opportunity cost of producing a bushel of soybeans in Canada is 1/2 as much as that in the United States. Therefore, the best choice is B.

Refer to the Information Provided in Figure 18