Fact Pattern 18-A Refer to the Following Data

question 217

Multiple Choice

Fact Pattern 18-A
Refer to the following data:
Alpha can produce either 18 tons of oranges or 9 tons of apples in a year, while Omega can produce either 16 tons of oranges or 4 tons of apples.
-Refer to Fact Pattern 18-A.The opportunity costs of producing 1 ton of oranges for Alpha and Omega, respectively, are:

• A)0.25 tons of apples; 0.5 tons of apples.
• B)9 tons of apples; 4 tons of apples.
• C)2 tons of apples; 4 tons of apples.
• D)4 tons of apples; 2 tons of apples.
• E)0.5 tons of apples; 0.25 tons of apples.

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Definitions:

Brazil

A large South American country with a diverse ecosystem, known for its Amazon rainforest, rich culture, and significant economic influence in Latin America.

Poland

A country located in Central Europe, known for its rich history, cultural heritage, and significant contributions to the arts, science, and politics.

Bastiat's "Petition

Refers to Frédéric Bastiat's satirical petition in "Economic Sophisms," illustrating the absurdity of protectionism and trade barriers.

Protectionism

Economic policies and measures taken by a government to protect its domestic industries from foreign competition by imposing tariffs, quotas, or regulations.