Multiple Choice
This table shows how much cotton and cocoa can be produced in Peru and Brazil with one unit of equivalent resources.
TABLE 32-4
-Refer to Table 32-4.The opportunity cost of a bale of cotton in Peru is
A) 1/6 bushel of cocoa beans.
B) 1/2 bushel of cocoa beans.
C) 2/3 bushel of cocoa beans.
D) 2 bushels of cocoa beans.
E) 4 bushels of cocoa beans.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: The diagram below shows the (hypothetical)demand and
Q34: Consider the following information about the production
Q35: This table shows how much cotton and
Q36: The following diagrams show the production possibilities
Q37: The following production possibilities schedule shows the
Q39: There will be no gains from specialization
Q40: This table shows how much cotton and
Q41: According to what economists call the "law
Q42: The diagram below shows Robinson Crusoe's annual
Q43: The diagram below shows the domestic demand