Answer the question on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina. North Cantina Production Possibilities A B C D E F Capital Goods 5 4 3 2 1 0 Consumer Goods 0 10 18 24 28 30 South Cantina Production Possibilities A B C D E F Capital Goods 5 4 3 2 1 0 Consumer Goods 0 8 15 21 25 27 Refer to the tables. If North Cantina is producing at production alternative A, the opportunity cost of the first unit of consumer goods will be Multiple Choice 1/5 of a unit of capital goods. 1 unit of capital goods. 5 units of capital goods. 1/10 of a unit of capital goods..
Answer the question on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina. North Cantina Production Possibilities A B C D E F Capital Goods 5 4 3 2 1 0 Consumer Goods 0 10 18 24 28 30 South Cantina Production Possibilities A B C D E F Capital Goods 5 4 3 2 1 0 Consumer Goods 0 8 15 21 25 27 Refer to the tables. If North Cantina is producing at production alternative A, the opportunity cost of the first unit of consumer goods will be Multiple Choice 1/5 of a unit of capital goods. 1 unit of capital goods. 5 units of capital goods. 1/10 of a unit of capital goods..
Chapter28: International Trade And Finance
Section: Chapter Questions
Problem 1SQP
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Answer the question on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina.
| North Cantina Production Possibilities | ||||||
|---|---|---|---|---|---|---|
| A | B | C | D | E | F | |
| Capital Goods | 5 | 4 | 3 | 2 | 1 | 0 |
| Consumer Goods | 0 | 10 | 18 | 24 | 28 | 30 |
| South Cantina Production Possibilities | ||||||
|---|---|---|---|---|---|---|
| A | B | C | D | E | F | |
| Capital Goods | 5 | 4 | 3 | 2 | 1 | 0 |
| Consumer Goods | 0 | 8 | 15 | 21 | 25 | 27 |
Refer to the tables. If North Cantina is producing at production alternative A, the
Multiple Choice
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1/5 of a unit of capital goods.
-
1 unit of capital goods.
-
5 units of capital goods.
-
1/10 of a unit of capital goods..
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