Table 1 shows the units of output a worker can produce per month in South Africa and Namibia.
-Refer to Table 1. The opportunity cost of 1 unit of electronics in South Africa 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
Q6: The production possibilities frontier demonstrates the basic
Q16: Exhibit 1 Q19: Exhibit 1 Q20: If a nation has an absolute advantage Q20: If trade benefits one country, its trading Q22: Suppose the world consists of two countries: Q23: Busisani is a tax accountant. He receives Q24: Table 1 shows the units of Q25: 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
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