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    Understanding Modern Economics
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    Exam 16: Trading With Other Nations  
  5. Question
    Table 16.4 Table 16.4 Gives the Quantities of Output That
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Table 16.4 Table 16.4 Gives the Quantities of Output That

Question 1

Question 1

Multiple Choice

Table 16.4
Table 16.4    Table 16.4 gives the quantities of output that can be produced with the full amount of resources in each of two countries, France and Argentina. -In Table 16.4, the opportunity costs for France to produce one unit of beef in terms of wine is A)  4. B)  1/3. C)  2. D)  1/2. Table 16.4 gives the quantities of output that can be produced with the full amount of resources in each of two countries, France and Argentina.
-In Table 16.4, the opportunity costs for France to produce one unit of beef in terms of wine is


A) 4.
B) 1/3.
C) 2.
D) 1/2.

Correct Answer:

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