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Question 170

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Use the following to answer questions: Use the following to answer questions: -(Table: The Production Possibilities for Tractors and Crude Oil) Use Table: The Production Possibilities for Tractors and Crude Oil.Which statement is TRUE? A) The opportunity cost of crude oil is lower in Canada than in Mexico. B) The opportunity cost of crude oil is higher in Canada than in Mexico. C) Crude oil costs are the same in Canada and in Mexico. D) Tractor costs are the same in Canada and in Mexico.
-(Table: The Production Possibilities for Tractors and Crude Oil) Use Table: The Production Possibilities for Tractors and Crude Oil.Which statement is TRUE?


A) The opportunity cost of crude oil is lower in Canada than in Mexico.
B) The opportunity cost of crude oil is higher in Canada than in Mexico.
C) Crude oil costs are the same in Canada and in Mexico.
D) Tractor costs are the same in Canada and in Mexico.

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