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The United States Can Use All Its Resources to Produce

Question 97

Multiple Choice

The United States can use all its resources to produce 250 DVDs or 500 shoes. China can use all of its resources to produce 30 DVDs or 300 shoes. The opportunity cost of producing a DVD in the United States is


A) 500 shoes.
B) 1 DVD.
C) 2 shoes.
D) 20 shoes.
E) 1/2 of a shoe.

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