Figure 3-11 the Graph Below Represents the Various Combinations of Ham and Ham

question 332

Multiple Choice

Figure 3-11
The graph below represents the various combinations of ham and cheese (in pounds) that the nation of Bonovia could produce in a given month.

-Refer to Figure 3-11.In the nation of Cropitia,the opportunity cost of a pound of cheese is 1.5 pounds of ham.Based on this information,if Bonovia and Cropitia want to trade,Bonovia should specialize in the production of

• A) ham and import cheese.
• B) cheese and import ham.
• C) both goods and import neither good.
• D) neither good and import both goods..

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Definitions:

Developing Countries

Nations with low to moderate industrialization and lower living standards, often marked by lower levels of income, education, and health care.

Developmental Disabilities

A diverse group of chronic conditions that are due to mental or physical impairments that arise before adulthood.

Caffeine

A stimulant commonly found in coffee, tea, and other beverages, known to affect central nervous system activity.

Tobacco

A plant whose leaves are harvested and processed for smoking, chewing, or snuffing, containing the addictive substance nicotine.