Multiple Choice
The table given below shows the units of land and labor required to produce a unit of bread and cheese respectively in country X. Identify the correct statement.
A) Production of bread is relatively labor-intensive in the country.
B) Production of bread is relatively land-intensive in the country.
C) The opportunity cost of producing an extra unit of bread is 2 units of cheese.
D) The domestic price ratio in the country is 2 units of bread per unit of cheese.
Correct Answer:

Verified
Correct Answer:
Verified
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