Table 1 shows the units of output a worker can produce per month in Australia and Korea. ?
?
Refer to table 1. The opportunity cost of 1 unit of electronics in Australia is
A) 4 units of food.
B) 5 units of food.
C) 1/5 of a unit of food.
D) 1/4 of a unit of food.
Correct Answer:
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Q23: Which of the following statements about trade
Q24: Suppose a country's workers can produce 4
Q25: Table 1 shows the units of
Q26: Exhibit 2 Q27: Table 1 shows the units of Q29: Suppose a country's workers can produce 4 Q30: If free trade is allowed, a country Q31: Table 1 shows the units of Q32: Exhibit 2 Q33: If a nation has a comparative advantage![]()
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