Assume Finland and the Netherlands each produce only two goods, tanks and automobiles. The values in...
Assume Finland and the Netherlands each produce only two goods, tanks and automobiles. The values in the table Full-Employment Output of Goods 1 represent the maximum amount of each good that can be produced using existing resources.
Full-Employment Output of Goods 1
| Country | Tanks | Automobiles |
| Finland | 100 | 400 |
| Netherlands | 200 | 400 |
The opportunity cost of producing 1 automobile in the Netherlands is
Group of answer choices
2 tanks.
1 tank.
1/2 of a tank.
4 tanks.
Homework Answers
he opportunity cost of producing 1 automobile in the Netherlands is
=200/400
=0.5 tank or 1/2 of a tank
the above is answer
Add Answer to:
Assume Finland and the Netherlands each produce only two goods,
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