Table 3-2 Assume That Aruba and Iceland Can Switch Between Producing Coolers

question 68

Multiple Choice

Table 3-2
Assume that Aruba and Iceland can switch between producing coolers and producing radios at a constant rate.

-Refer to Table 3-2.Aruba's opportunity cost of one cooler is

• A) 0.4 radio and Iceland's opportunity cost of one cooler is 0.25 radio.
• B) 0.4 radio and Iceland's opportunity cost of one cooler is 4 radios.
• C) 2.5 radios and Iceland's opportunity cost of one cooler is 0.25 radio.
• D) 2.5 radios and Iceland's opportunity cost of one cooler is 4 radios.