SCENARIO: ABSOLUTE AND COMPARATIVE ADVANTAGE
Poland requires 4 hours of labor to produce a ton of coal and 10 hours of
Labor to produce 10 bushels of wheat.The Czech Republic requires 6
Hours of labor to produce a ton of coal and 10 hours of labor to produce
10 bushels of wheat.
Reference: Ref 25
(Scenario: Absolute and Comparative Advantage) What is the
Opportunity cost of coal in Poland?
A)0.25 hour of labor/ton of coal
B)2.5 bushels of wheat/ton of coal
C)4 hours of labor/ton of coal
D)0.4 bushels of wheat/ton of coal

Question

SCENARIO: ABSOLUTE AND COMPARATIVE ADVANTAGE
Poland requires 4 hours of labor to produce a ton of coal and 10 hours of
Labor to produce 10 bushels of wheat.The Czech Republic requires 6
Hours of labor to produce a ton of coal and 10 hours of labor to produce
10 bushels of wheat.
Reference: Ref 2­5
(Scenario: Absolute and Comparative Advantage) What is the
Opportunity cost of coal in Poland?
A)0.25 hour of labor/ton of coal
B)2.5 bushels of wheat/ton of coal
C)4 hours of labor/ton of coal
D)0.4 bushels of wheat/ton of coal

Quizplus · Accepted Answer

The Answer of SCENARIO: ABSOLUTE AND COMPARATIVE ADVANTAGE
Poland requires 4 hours of labor to produce a ton of coal and 10 hours of
Labor to produce 10 bushels of wheat.The Czech Republic requires 6
Hours of labor to produce a ton of coal and 10 hours of labor to produce
10 bushels of wheat.
Reference: Ref 2­5
(Scenario: Absolute and Comparative Advantage) What is the
Opportunity cost of coal in Poland?
A)0.25 hour of labor/ton of coal
B)2.5 bushels of wheat/ton of coal
C)4 hours of labor/ton of coal
D)0.4 bushels of wheat/ton of coal