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Table 2-8 Table 2-8 Shows the Number of Labor Hours Required to of Labor

Question 159

Multiple Choice
Table 2-8
  
Table 2-8 shows the number of labor hours required to produce a digital camera and a pound of wheat in China and South Korea.
-Refer to Table 2-8.What is South Korea's opportunity cost of producing one pound of wheat?
A)60 digital cameras 
B)20 digital cameras 
C)5 digital cameras 
D)0.05 units of a digital camera

Table 2-8
Table 2-8     Table 2-8 shows the number of labor hours required to produce a digital camera and a pound of wheat in China and South Korea. -Refer to Table 2-8.What is South Korea's opportunity cost of producing one pound of wheat? A) 60 digital cameras B) 20 digital cameras C) 5 digital cameras D) 0.05 units of a digital camera
Table 2-8 shows the number of labor hours required to produce a digital camera and a pound of wheat in China and South Korea.
-Refer to Table 2-8.What is South Korea's opportunity cost of producing one pound of wheat?


A) 60 digital cameras
B) 20 digital cameras
C) 5 digital cameras
D) 0.05 units of a digital camera

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