20 French workers can produce 100 programs a year whereas 20 Venezuelan workers can produce 80 programs per year. 20 French workers can produce 200 liters of milk a year, whereas 20 Venezuelan workers can produce 100 liters of milk a year. Which statement is true? (Clue: drawing a table gathering the information above for both goods and countries can be helpful.)

Select one:

a. The opportunity cost of one program in terms of liters of milk is 0.8 in France and 0.5 in Venezuela. The opportunity cost of one liter of milk in terms of programs is 2 in France and 1.25 in Venezuela.

b. The opportunity cost of one program in terms of liters of milk is 2 in France and 0.8 in Venezuela. The opportunity cost of one liter of milk in terms of programs is 0.5 in France and 1.25 in Venezuela.

c. The opportunity cost of one program in terms of liters of milk is 2 in France and 1.25 in Venezuela. The opportunity cost of one liter of milk in terms of programs is 0.5 in France and 0.8 in Venezuela.

d. The opportunity cost of one program in terms of liters of milk is 1.25 in France and 2 in Venezuela. The opportunity cost of one liter of milk in terms of programs is 0.8 in France and 0.5 in Venezuela.