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    Exam 2: Trade-Offs, Comparative Advantage, and the Market System
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    Figure 2-9 Figure 2-9 Shows the Production Possibilities Frontiers
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Figure 2-9 Figure 2-9 Shows the Production Possibilities Frontiers

Question 82

Question 82

Multiple Choice

Figure 2-9 Figure 2-9   Figure 2-9 shows the production possibilities frontiers for Greenland and Iceland.Each country produces two goods,snow cones and popsicles. -Refer to Figure 2-9.What is the opportunity cost of producing 1 popsicle in Greenland? A) 2/3 of a snow cone B) 5/6 of a snow cone C) 1 1/5 snow cones D) 240 snow cones Figure 2-9 shows the production possibilities frontiers for Greenland and Iceland.Each country produces two goods,snow cones and popsicles.
-Refer to Figure 2-9.What is the opportunity cost of producing 1 popsicle in Greenland?


A) 2/3 of a snow cone
B) 5/6 of a snow cone
C) 1 1/5 snow cones
D) 240 snow cones

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