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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 19: International Trade
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    In New Zealand One Worker Can Produce 40 Walking Sticks
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In New Zealand One Worker Can Produce 40 Walking Sticks

Question 21

Question 21

Multiple Choice

In New Zealand one worker can produce 40 walking sticks or 10 boomerangs each hour.What is the opportunity cost of producing one walking stick?


A) 40 boomerangs
B) 10 boomerangs
C) 4 boomerangs
D) 1/4 of a boomerang
E) 1/2 worker

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