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:
Verified
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
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents