Reference: Ref 2-7 (Table: Production Possibilities for Italy and Belgium)

question 33

Multiple Choice

Reference: Ref 2-7 (Table: Production Possibilities for Italy and Belgium) According to the table on Production Possibilities for Italy and Belgium, the opportunity cost of 1 pound of pasta for Belgium is:

• A) 5 pounds of linen.
• B) 20 pounds of linen.
• C) 1/4 pound of linen.
• D) 4 pounds of linen.

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Definitions:

Productivity Ratio

A measure of the efficiency of production or output in relation to input, typically expressed as output per unit of input.

Chocolate Factory

A facility where cocoa beans are processed and turned into various chocolate products.

Candy Produced

The quantity of confectionery items manufactured within a given timeframe, often measured for industry or individual business performance.

Job Order

A work request specifying the details and requirements for a particular job or task, commonly used in manufacturing and service industries to organize and track production.