For each watch Brazil produces, it gives up the opportunity to make 50 pounds of Minas cheese. Columbia can produce one watch for every 100 pounds of Minas cheese it produces. If specialization and trade were to occur between these two countries, which of the following is true with regard to opportunity costs in the two countries? a. The opportunity cost of producing watches is higher in Brazil than Columbia. b. The opportunity cost of producing cheese is higher in Brazil than Columbia. c. The opportunity cost of producing cheese is identical in both countries. d. The opportunity cost of producing watches is lower in Columbia than Brazil. e. In both countries combined, the opportunity cost of one watch is 150 pounds of cheese. 25. For each apple strudel Austria produces, it gives up the opportunity to make 150 watches. Switzerland can produce one pound of apple strudel for every 300 watches it produces. If specialization and trade were to occur between these two countries, which of the following is true with regard to opportunity costs in the two countries? a. The opportunity cost of producing strudels is lower in Austria than Switzerland. b. The opportunity cost of producing watches is lower in Austria than Switzerland. c. The opportunity cost of producing strudels is identical in both countries. d. The opportunity cost of producing watches is higher in Austria than Switzerland. e. In Switzerland, the opportunity cost of producing one watch is one strudel.