Suppose that a typical German factory can produce 20 cameras or 1 computer in an hour, and that a typical American factory can produce 10 cameras or 1 computer in an hour. The opportunity cost of 20 cameras in terms of computers in Germany is
A) 10 computers per camera.
B) 2 computers per camera.
C) 1 computer per camera.
D) 1/20 of a computer per camera.
Correct Answer:
Verified
Q267: By specialization and trade, two individuals can
A)
Q268: To obtain the gains available from comparative
Q269: George and Michael can gain from exchange
A)
Q270: A country that has a comparative advantage
Q271: Tom and Di grow tomatoes and turnips.
Q273: If Tom and Di specialize in producing
Q274: One of the largest categories of exports
Q275: Suppose that the United States and Cuba
Q276: One of the largest categories of exports
Q277: In one day, Sue can change the
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