If Countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the production possibilities schedules below.CountryRubber BandsPaper ClipsA4080B1040In country A the opportunity cost of 1 paper clip is

A. 1/2 rubber band.
B. 2 rubber bands.
C. 1/4 rubber band.
D. 1 rubber band.


Answer: A

Economics

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Economics