Figure 3-8 Belgium's Production Possibilities Frontier Latvia's Production Possibilities Frontier

Multiple Choice

Figure 3-8
Belgium's Production Possibilities Frontier Latvia's Production Possibilities Frontier
-Refer to Figure 3-8.Belgium's opportunity cost of one waffle is

A) 3/4 pancake and Latvia's opportunity cost of one waffle is 1/2 pancake.
B) 3/4 pancake and Latvia's opportunity cost of one waffle is 2 pancakes.
C) 4/3 pancakes and Latvia's opportunity cost of one waffle is 1/2 pancake.
D) 4/3 pancakes and Latvia's opportunity cost of one waffle is 2 pancakes.