In a Single Year,the Netherlands Can Raise 100 Tons of Beef

question 164

Multiple Choice

In a single year,the Netherlands can raise 100 tons of beef or produce 1,000 boxes of tulips.In the same growing season,Belgium can raise 50 tons of beef or produce 750 boxes of tulips.In autarky,the opportunity cost of 1 ton of beef in the Netherlands is:

• A)100 tons of beef.
• B)1,000 boxes of tulips.
• C)10 boxes of tulips.
• D)0.1 box of tulips.

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Definitions:

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A specified, clear duration with a known start and end point.

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Money owed to a business by its customers for goods or services delivered but not yet paid for.

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