If Only Two Products Are Produced in an Economy,wheat and Wine,the

question 37

Multiple Choice

If only two products are produced in an economy,wheat and wine,the opportunity cost of producing a gallon of wine equals the

• A) gain in wine divided by the loss in wheat.
• B) loss in wheat divided by the gain in wine.
• C) opportunity cost of producing a wine.
• D) gain in wheat divided by the loss in wine.
• E) loss in wine divided by the gain in wheat.

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Definitions:

Life Expectancy

The average number of years that an individual is expected to live, based on statistical analysis of current mortality rates.

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural population, and as a prominent producer of natural resources.

Visible Minorities

Individuals of a non-dominant race or ethnicity in a given population who are distinguishable by their physical appearance from the majority population.