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If Countries a and B Produce Only Either Rubber Bands

Question 107

Multiple Choice

If Countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the production possibilities schedules below: If Countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the production possibilities schedules below: In country A the opportunity cost of 1 paper clip is: A) 2 rubber bands B) 1 rubber band C) 1/2 rubber band D) 1/4 rubber band In country A the opportunity cost of 1 paper clip is:


A) 2 rubber bands
B) 1 rubber band
C) 1/2 rubber band
D) 1/4 rubber band

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