(Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum.The opportunity cost of _ is _ in the United States as (than) in Mexico.

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

Question

(Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum.The opportunity cost of _____ is _____ in the United States as (than) in Mexico.

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

Jacob Medalie · Accepted Answer

Final Answer : C, Explanation :  The opportunity cost of machinery is less in the United States than in Mexico, meaning the U.S. can produce machinery more efficiently relative to petroleum compared to Mexico.

(Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum.The opportunity cost of _ is _ in the United States as (than) in Mexico.

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

Definitions

Learning Objectives

Learning Objectives

Related questions

(Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum.The opportunity cost of _____ is _____ in the United States as (than) in Mexico.A) machinery;moreB) machinery;the sameC) machinery;lessD) petroleum;less

Definitions

Learning Objectives

Learning Objectives

Related questions

(Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum.The opportunity cost of _ is _ in the United States as (than) in Mexico.

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