When deciding between producing coffee or wheat, Brazil must consider the __________, which represents the value of the coffee that is sacrificed to produce more wheat.

When Brazil decides to produce more wheat instead of coffee, it faces an opportunity cost. This opportunity cost is the value of the coffee that Brazil could have produced but chose not to. For example, if Brazil can produce either 100 bags of coffee or 50 tons of wheat, the opportunity cost of producing one ton of wheat is 2 bags of coffee. Understanding this helps Brazil make better choices about how to use its resources effectively. In simple terms, opportunity cost is about what you give up to get something else.