Solved

Table 3-34 Assume That Indonesia and India Can Switch Between Producing Rice

Question 349

Multiple Choice

Table 3-34
Assume that Indonesia and India can switch between producing rice and bananas at a constant rate.
Table 3-34 Assume that Indonesia and India can switch between producing rice and bananas at a constant rate. ​   -Refer to Table 3-34. Indonesia's opportunity cost of producing bananas is A) 2.5 units of rice. This is higher than India's opportunity cost of producing bananas. B) 2.5 units of rice. This is lower than India's opportunity cost of producing bananas. C) 2/5 units of rice. This is higher than India's opportunity cost of producing bananas. D) 2/5 units of rice. This is lower than India's opportunity cost of producing bananas.
-Refer to Table 3-34. Indonesia's opportunity cost of producing bananas is


A) 2.5 units of rice. This is higher than India's opportunity cost of producing bananas.
B) 2.5 units of rice. This is lower than India's opportunity cost of producing bananas.
C) 2/5 units of rice. This is higher than India's opportunity cost of producing bananas.
D) 2/5 units of rice. This is lower than India's opportunity cost of producing bananas.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents