Multiple Choice
Table 14-1
Alternate Outputs from One Day's Labour Input:
Canada: 12 bushels of wheat or 3 yards of textiles
Great Britain: 3 bushels of wheat or 12 yards of textiles
-Refer to Table 14-1.What is the opportunity cost of one bushel of wheat in Great Britain?
A) 1 yard of textiles
B) 3 yards of textiles
C) 4 yards of textiles
D) 12 yards of textiles
Correct Answer:
Verified
Correct Answer:
Verified
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