d. EXPUL Yuulus e. All of the answers are correct Use the following information to solve questions 2 and 9. Assume there are only two countries, the US and Mexico. Further, assume that these two countries are only producing two types of goods, apples and oranges. Each country has 10 hours available that it can use for production. For the US, every hour spent producing apples would yield 2 apples and every hour spent producing oranges would yield 1 orange. For Mexico, every hour spent producing apples would yield 1 apple and every hour spent producing oranges would yield 0.25 oranges. 2. Fill in the blank: If the US spent its entire 10 hours producing apples it would make apples, and if it spent its entire time producing oranges it would make oranges. a. 20; 10 b. 10; 5 c. 10; 20 d. 5; 10 e. Cannot be determined from the information given 3. Fill in the blank: If Mexico spent its entire 10 hours producing apples it would make apples, and if it spent its entire time producing oranges it would make oranges. a. 10; 2.5 b. 10; 5 c. 5; 10 d. 2.5; 10 e. Cannot be determined from the information given 4. What is the opportunity cost of producing apples for the US? a. Opportunity cost of 1 apple is 0.5 oranges b. Opportunity cost of 1 apple is 0.25 oranges c. Opportunity cost of 1 apple is 1 orange d. Opportunity cost of 1 apple is 1.5 oranges e. Opportunity cost of 1 apple is 2 oranges 5. What is the opportunity cost of producing oranges for the Mexico? a. Opportunity cost of 1 orange is 1 apple b. Opportunity cost of 1 orange is 2 apples c. Opportunity cost of 1 orange is 3 apples d. Opportunity cost of 1 orange is 4 apples e. Opportunity cost of 1 orange is 5 apples