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If Countries a and B Produce Only Either Rubber Bands

Question 291

Multiple Choice

If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules. In country B the opportunity cost of 1 rubber band is If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules. In country B the opportunity cost of 1 rubber band is A) 4 paper clips. B) .25 paper clip. C) 2 paper clips. D) 40 paper clips.


A) 4 paper clips.
B) .25 paper clip.
C) 2 paper clips.
D) 40 paper clips.

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