Solved

(Table) Based on the Table Canada’s Production Possibilities\text {Canada's Production Possibilities}  Tons of Steel  Airplanes 15010458012\begin{array} { c c } \text { Tons of Steel } & \text { Airplanes } \\ 15 & 0 \\ 10 & 4 \\ 5 & 8 \\ 0 & 12 \end{array}

Question 21

Multiple Choice

(Table) Based on the table: Canada’s Production Possibilities\text {Canada's Production Possibilities}
 Tons of Steel  Airplanes 15010458012\begin{array} { c c } \text { Tons of Steel } & \text { Airplanes } \\ 15 & 0 \\ 10 & 4 \\ 5 & 8 \\ 0 & 12 \end{array}

Mexico’s Production Possibilities \text {Mexico's Production Possibilities }

Tons of SteelAirplanes60422406\begin{array} { cc} \text {Tons of Steel}& \text {Airplanes}\\6 & 0 \\ 4 & 2 \\ 2 & 4 \\ 0 & 6 \end{array}


A) Canada faces increasing opportunity costs.
B) Mexico faces increasing opportunity costs.
C) both Canada and Mexico face constant opportunity costs.
D) both Canada and Mexico face increasing opportunity costs.

Correct Answer:

verifed

Verified

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

Related Questions