Multiple Choice
Below is some hypothetical data for the countries of Canada and Mexico.(Assume that Canada has 10 million workers per month available and Mexico has 20 million. )
Canada's Production Possibilities
(Output in millions of bushels per month)
Mexico's Production Possibilities
(Output in millions of bushels per month)
Output Before Trade
(Output in millions of bushels per month)
-Refer to the information above to answer this question.What is the opportunity cost of 1 bushel of beans in Mexico?
A) 0.5 bushels of rye.
B) 1 bushels of rye.
C) 2 bushels of rye.
D) 6 bushels of rye.
E) 10 bushels of rye.
Correct Answer:

Verified
Correct Answer:
Verified
Q104: Below is some hypothetical data for the
Q105: Below is a graph illustrating the market
Q106: Why doesn't Canada grow its own bananas?<br>A)It
Q107: Below is production possibilities data for the
Q108: Table 13.14 shows the output of kumquats
Q110: What is a quota?<br>A)A limit imposed on
Q111: Below is some hypothetical data for the
Q112: Proponents of free trade suggest that all
Q113: Below are the production possibilities (without trade)and
Q114: If the average price of exports is