Question 12pts

Use the table below to answer the following question: What is the Opportunity Cost for Country A of devoting all of its resources to bike production?

Group of answer choices

4 cars

2 cars

1/2 car

1/4 car

Flag question: Question 2Question 22pts

Use the table below to answer the following question: What is the opportunity cost for Country B if it devotes all resources to Bike Production?

Group of answer choices

4 cars

2 cars

1/4 car

1/2 car

Flag question: Question 3Question 32pts

Using the table below, what is the opportunity Cost for Country A if it devotes all of its resources to the production of Cars?

Group of answer choices

2 bikes

4 bikes

1/4 bike

1/2 bike

Flag question: Question 4Question 42pts

Use the table below to answer this question: What is the opportunity cost for Nation B if it devotes all of its resources to car production?

Group of answer choices

4 bikes

2 bikes

1/2 bike

1/4 bike

Flag question: Question 5Question 512pts

County A will export [ Select ] ["cars", "bikes", "nothing"] and import [ Select ] ["cars", "bikes", "nothing"] because [ Select ] ["Country A has a comparative advantage in cars", "Country A has a comparative advantage in bikes", "Country B has an absolute advantage in both goods"] .

County B will export [ Select ] ["cars", "bikes", "nothing"] and import [ Select ] ["cars", "bikes", "nothing"] because [ Select ] ["Country B has a comparative advantage in cars", "Country B has a comparative advantage in bikes", "Country B has an absolute advantage in both goods so Country A has nothing to trade with Country B"]