Multiple Choice
Table 3-34
Assume that Indonesia and India can switch between producing rice and bananas at a constant rate.
-Refer to Table 3-34. India's opportunity cost of producing rice is
A) 1/2 units of bananas. This is higher than Indonesia's opportunity cost of producing rice.
B) 1/2 units of bananas. This is lower than Indonesia's opportunity cost of producing rice.
C) 2 units of bananas. This is higher than Indonesia's opportunity cost of producing rice.
D) 2 units of bananas. This is lower than Indonesia's opportunity cost of producing rice.
Correct Answer:

Verified
Correct Answer:
Verified
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