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Refer to the Above Diagrams

Question 54

Multiple Choice

  Refer to the above diagrams.The solid lines are production possibilities curves; the dashed lines are trading possibilities curves.The opportunity cost of producing a: A) pizza is 2 beers in both countries. B) beer is 1/2 a pizza in both countries. C) pizza in East Lothian is 1 beer. D) beer in West Lothian is 1/2 a pizza. Refer to the above diagrams.The solid lines are production possibilities curves; the dashed lines are trading possibilities curves.The opportunity cost of producing a:


A) pizza is 2 beers in both countries.
B) beer is 1/2 a pizza in both countries.
C) pizza in East Lothian is 1 beer.
D) beer in West Lothian is 1/2 a pizza.

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