(Table: Production Possibilities for Machinery and Petroleum) Look at the Table

question 165

Essay

(Table: Production Possibilities for Machinery and Petroleum) Look at the table Production Possibilities for Machinery and Petroleum.The table shows the number of units of machinery each country would have to forgo in order to produce additional petroleum, assuming constant costs at its current level of production.Based on the information in the table, it is true that:
A.the opportunity cost of machinery is more in the United States than in Mexico.
B.machinery costs are the same in the United States and in Mexico.
C.the opportunity cost of machinery is less in the United States than in Mexico.
D.the opportunity cost of petroleum is less in the United States than in Mexico.

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