Multiple Choice
Figure 2-12 Figure 2-12 shows the production possibilities frontiers for Pakistan and Indonesia. Each country produces two goods, cotton and cashews.
-Refer to Figure 2-12. What is the opportunity cost of producing 1 pound of cashews in Pakistan?
A) 3/8 of a bolt of cotton
B) 5/8 of a bolt of cotton
C) 1 3/5 bolts of cotton
D) 240 bolts of cotton
Correct Answer:

Verified
Correct Answer:
Verified
Q53: Table 2-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Table 2-12
Q67: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4188/.jpg" alt="Figure 2-2
Q73: Figure 2-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4188/.jpg" alt="Figure 2-12
Q75: If a nation changes its laws to
Q76: Figure 2-15 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4188/.jpg" alt="Figure 2-15
Q92: Figure 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Figure 2-4
Q94: Table 2-18<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Table 2-18
Q129: An inward shift of a nation's production
Q200: Specializing in the production of a good
Q299: Table 2-11<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Table 2-11