Assume that Sweden will specialize in either boats or cars.What is their opportunity cost of producing two boats?

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between multiple options.

Sweden

A Nordic country in Northern Europe, known for its high standard of living, well-developed welfare states, and neutral foreign policy stance.

Boats

Watercraft of various sizes and types that are used for transportation, recreation, or as a dwelling.