In a Single Year,the Netherlands Can Raise 100 Tonnes of Beef

question 21

Multiple Choice

In a single year,the Netherlands can raise 100 tonnes of beef or produce 1 000 boxes of tulips.In the same growing season,Belgium can raise 50 tonnes of beef or produce 750 boxes of tulips.In autarky,the opportunity cost of beef:

• A) is higher in the Netherlands than in Belgium.
• B) is lower in the Netherlands than in Belgium.
• C) is the same in the Netherlands as in Belgium.
• D) cannot be determined in either country.

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Definitions:

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