Multiple Choice
-The figure above shows the production possibilities frontiers for the United Kingdom and France.What is the opportunity cost of one bushel of wheat in France?
A) 1/4 of a pound of fish
B) 4 pounds of fish
C) 1 pound of fish
D) 100 pounds of fish
E) 2 pounds of fish
Correct Answer:

Verified
Correct Answer:
Verified
Q40: Why do nations engage in international trade?
Q123: How can a combination of goods be
Q219: In the production possibilities model,the vertical axis
Q220: Robinson Crusoe divides his time between catching
Q221: If the production possibilities frontier between two
Q222: Suppose that after specializing according to comparative
Q223: As an economy grows,<br>A) its PPF shifts
Q225: If workers in Mexico produce fewer goods
Q228: The sustained expansion of production possibilities is
Q229: Moving between two points on a PPF,a