Solved

Table 2-8 Table 2-8 Shows the Number of Labour Hours

Question 123

Multiple Choice

Table 2-8
Table 2-8 Table 2-8 shows the number of labour hours required to produce a motorcycle and a guitar in Ireland and Scotland. -Refer to Table 2-8.What is Scotland's opportunity cost of producing one guitar? A) 0.25 of a motorcycle B) 4 motorcycles C) 12 motorcycles D) 16 motorcycles Table 2-8 shows the number of labour hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2-8.What is Scotland's opportunity cost of producing one guitar?


A) 0.25 of a motorcycle
B) 4 motorcycles
C) 12 motorcycles
D) 16 motorcycles

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q106: Figure 2.7 Figure 2.7 </p></div><svg width=

Q107: Specialising in the production of a good

Q120: Table 2.6
Table 2.6 </p></div><svg width=

Q123: Table 2.8
Table 2.8 </p></div><svg width=

Q127: Table 2.8
Table 2.8 </p></div><svg width=

Q127: Table 2.7 Table 2.7 </p></div><svg width=

Q131: Table 2.8
Table 2.8 </p></div><svg width=

Q134: Table 2.7
Table 2.7 </p></div><svg width=

Q136: Table 2.7 Table 2.7 </p></div><svg width=

Q171: The basis for trade is comparative advantage,

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents