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Britain's Production Possibilities
China's Production Possibilities
Refer to the table above. Which of the following is true?
In Britain, 50 units of Steel costs 10 units of Chemical.
In China, the cost of 50 units of chemical is 10 units of Steel.
In China, 50 units of Steel costs 10 units of Chemical.
In Britain, 10 units of Steel cost 5 units of Chemical.
In China, 5 units of steel costs 10 units of chemical.