The accompanying table shows the production possibilities for two countries, Columbia and Bolivia, which produce natural gas
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The accompanying table shows the production possibilities for two countries, Columbia and Bolivia, which produce natural gas and soybeans. Based on this information and assuming constant opportunity costs for simplicity, the opportunity cost of producing 1 unit of soybeans in Bolivia is
a. 2 units of natural gas.
b. 1 unit of natural gas.
c. 1/2 unit of natural gas.
d. 2 units of soybeans.
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Related Book For 
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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