which situation is the best example of opportunity cost?\n○ a country chooses to produce bananas instead of…

which situation is the best example of opportunity cost?\n○ a country chooses to produce bananas instead of wheat.\n○ a country chooses to invest in manufacturing and agriculture.\n○ a country chooses to specialize in producing paper products.\n○ a country chooses to export all of its products.

which situation is the best example of opportunity cost?\n○ a country chooses to produce bananas instead of wheat.\n○ a country chooses to invest in manufacturing and agriculture.\n○ a country chooses to specialize in producing paper products.\n○ a country chooses to export all of its products.

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. When a country chooses to produce bananas instead of wheat, it gives up the opportunity to produce wheat. The other options do not clearly show the trade - off of one alternative for another. Investing in two sectors simultaneously doesn't show a single alternative being given up, specializing in paper products doesn't clearly state what is forgone, and exporting all products doesn't show a trade - off of production alternatives.

Answer:

A. A country chooses to produce bananas instead of wheat.