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

question 8

Multiple Choice

In a single year,the Netherlands can raise 100 tons of beef or produce 1,000 boxes of tulips.In the same growing season,Belgium can raise 50 tons 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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