Multiple Choice
This table shows how much cotton and cocoa can each be produced in Peru and Brazil with one unit of equivalent resources. TABLE 32-4 Refer to Table 32-4.The opportunity cost of a bale of cotton in Brazil is
A) 4 bushels of cocoa beans.
B) 6 bushels of cocoa beans.
C) 1/6 bushels of cocoa beans.
D) 1 bushel of cocoa beans.
E) 2 bushels of cocoa beans.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: According to David Ricardo's principle of comparative
Q26: The following production possibilities schedule shows the
Q27: The hypothesis that the price of some
Q28: The following diagrams show the production possibilities
Q29: The following production possibilities schedule shows the
Q31: Consider the possibility of trade between countries.When
Q32: Suppose two countries each produce wool and
Q33: The diagram below shows the domestic demand
Q34: Suppose Canada's terms of trade rises from
Q35: The diagram below shows the domestic demand