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The Table Below Shows Units of Wheat and Cloth Produced

question 37

Multiple Choice

The table below shows units of wheat and cloth produced by each worker per day in both the countries. Table 20.1 The table below shows units of wheat and cloth produced by each worker per day in both the countries. Table 20.1   -According to Table 20.1,the opportunity cost of producing wheat in the U.S.equals: A) half a unit of cloth. B) one-third of a unit of cloth. C) one-fourth of a unit of cloth. D) 4 units of cloth. E) 8 units of cloth
-According to Table 20.1,the opportunity cost of producing wheat in the U.S.equals:


Definitions:

Largest Share

The highest proportion or percentage of ownership, interest, or allocation.

Total Business

The complete range of commercial, industrial, or professional activities conducted by an organization or in an economy.

Invention

The creation of a new product, process, or idea that did not exist previously.

Development

A process of improvement in the material conditions of people through diffusion of knowledge and technology.

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