Use the Following to Answer Questions

question 74

Multiple Choice

Use the following to answer questions:
-(Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum.The opportunity cost of _____ is _____ in Canada as (than) in Mexico.

• A) machinery;more
• B) machinery;the same
• C) machinery;less
• D) petroleum;less

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Definitions:

U.S. Dollars

The currency of the United States of America, used as the standard unit of money in international trade and domestic transactions.

Airline Ticket

A document, either electronic or paper, issued by an airline to confirm an individual's entitlement to a seat on a flight.

Euro

The Euro is the official currency of 19 out of the 27 European Union countries, which together make up the Eurozone.

U.S. Currency

The officially issued money by the United States, including coins and paper bills used as a medium of exchange.