Solved

Table 3-34 Assume That Indonesia and India Can Switch Between Producing Rice

Question 343

Multiple Choice

Table 3-34
Assume that Indonesia and India can switch between producing rice and bananas at a constant rate.
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.
-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:

verifed

Verified

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

Related Questions