-Refer to the Above Table

question 14

Multiple Choice

-Refer to the above table. Assuming that opportunity costs are constant, the opportunity cost of producing a bicycle in the United States is equal to ________, and the opportunity cost of producing a bicycle in Mexico is ________.

• A)4 computers; 0.5 computer
• B)0.25 computer; 2 computers
• C)2.67 bicycles; 0.33 computers
• D)0.375 computer; 3 bicycles

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Definitions:

Trading Posts

were locations established primarily for the purpose of trading goods between traders and local populations, significant during the era of exploration and colonial expansion.

Zuni

A Native American tribe primarily located in New Mexico, known for their unique cultural practices, religious beliefs, and handmade jewelry.

Hopi

A Native American tribe primarily residing in northeastern Arizona, recognized for their rich cultural traditions, cliff dwellings, and skilled artistry, particularly in pottery and weaving.

Irrigation

The artificial application of water to land to assist in the production of crops.