Multiple Choice
Figure 3-8
-Refer to Figure 3-8.Chile's opportunity cost of one pound of soybeans is
A) 3/4 pound of coffee and Colombia's opportunity cost of one pound of soybeans is 1/2 pound of coffee.
B) 3/4 pound of coffee and Colombia's opportunity cost of one pound of soybeans is 2 pounds of coffee.
C) 4/3 pounds of coffee and Colombia's opportunity cost of one pound of soybeans is 1/2 pound of coffee.
D) 4/3 pounds of coffee and Colombia's opportunity cost of one pound of soybeans is 2 pounds of coffee.
Correct Answer:

Verified
Correct Answer:
Verified
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