Refer to Figure 1.2. What is the opportunity cost of producing 1 pound of cashews in Indonesia?
A. 3/8 of a bolt of cotton
B. 5/8 of a bolt of cotton
C. 2 2/3 bolts of cotton
D. 320 bolts of cotton
Answer:C
Refer to Figure 1.2. What is the opportunity cost of producing 1 pound of cashews in Indonesia?
A. 3/8 of a bolt of cotton B. 5/8 of a bolt of cotton C. 2 2/3 bolts of cotton D. 320 bolts of cotton