If the Opportunity Cost of Producing Cheese Is Higher in Greece

question 91

Multiple Choice

If the opportunity cost of producing cheese is higher in Greece than it is in Italy, then:

• A) Greece should specialize in producing cheese.
• B) Italy should specialize in producing cheese.
• C) both Greece and Italy should produce cheese.
• D) Greece gives up fewer goods to produce cheese than Italy does.
• E) Italy has a better economy than Greece.