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. The opportunity cost of _____ is _____ in the United States as (than) in Mexico.
Definitions:
Inflation Rate
The escalation in overall prices for goods and services, leading to a drop in how much can be bought.
Annual
Relating to or denoting a period of one year.
Nominal Rate
The stated interest rate of a financial product, not adjusted for inflation, representing the face value of interest payments.
Real Rate
The interest rate adjusted for inflation, reflecting the true cost of borrowing or the true yield on an investment.
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