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 rye in Mexico?
A) 0.5 bushels of beans.
B) 1 bushel of beans.
C) 2 bushels of beans.
D) 15 bushels of beans.
E) 20 bushels of beans.
Correct Answer:

Verified
Correct Answer:
Verified
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