Refer to Figure 20.1. The opportunity cost of producing a bushel of alfalfa in the United States is

A) twice as much as that in Canada.
B) half as much as that in Canada.
C) the same as that in Canada.
D) four times as much as that in Canada.

Opportunity Cost

The cost of forfeiting the next best alternative when making a decision, representing the benefits missed when choosing one option over another.

Alfalfa

A perennial flowering plant often used as forage for livestock, valued for its high nutrient content and adaptability to diverse climates.