Reference: Ref 2-9 (Figure: Countries a & B) Refer to the Figure

Multiple Choice

Reference: Ref 2-9 (Figure: Countries A & B) Refer to the figure regarding countries A &B. The opportunity cost of producing Good X in Country A is _____ and in Country B it is _____ meaning that Country _____ should specialize in producing Good X and Country _____ in Good Y.

A) 2Y; 1Y; B; A
B) 1/2Y; 1Y; B; A
C) 1/2Y; 1Y; A; B
D) 2Y; 1Y; A; B