Use the Following to Answer Questions

question 43

Multiple Choice

Use the following to answer questions :
-(Table: The Production Possibilities for Tractors and Crude Oil) Look at the table The Production Possibilities for Tractors and Crude Oil. Which of the following is TRUE?

• A)The opportunity cost of crude oil is lower in the United States than in Mexico.
• B)The opportunity cost of crude oil is higher in the United States than in Mexico.
• C)Crude oil costs are the same in the United States and in Mexico.
• D)Tractor costs are the same in the United States and in Mexico.

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Definitions:

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