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    Economics Study Set 9
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    Exam 2: Trade-Offs, Comparative Advantage, and the Market System
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    Figure 2-8 Figure 2-8 Above Shows the Production Possibilities
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Figure 2-8 Figure 2-8 Above Shows the Production Possibilities

Question 372

Question 372

Multiple Choice

Figure 2-8 Figure 2-8   Figure 2-8 above shows the production possibilities frontier for Vidalia, a nation that produces two goods, roses and orchids. -Refer to Figure 2-8. What is the opportunity cost of one dozen roses? A)  0.4 dozen orchids B)  2.5 dozen orchids C)  7.25 dozen orchids D)  16 dozen orchids Figure 2-8 above shows the production possibilities frontier for Vidalia, a nation that produces two goods, roses and orchids.
-Refer to Figure 2-8. What is the opportunity cost of one dozen roses?


A) 0.4 dozen orchids
B) 2.5 dozen orchids
C) 7.25 dozen orchids
D) 16 dozen orchids

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