Solved

Based on the Information in Table 35

Question 61

Multiple Choice

  Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. The opportunity cost of producing 1 computer in China is A)  1/3 of a ton of soybeans. B)  1/4 of a ton of soybeans. C)  3 tons of soybeans. D)  4 tons of soybeans. Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. The opportunity cost of producing 1 computer in China is


A) 1/3 of a ton of soybeans.
B) 1/4 of a ton of soybeans.
C) 3 tons of soybeans.
D) 4 tons of soybeans.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions