Mexico and Japan The Following Questions Refer to the Following Table Which Shows

Multiple Choice

Mexico and Japan

The following questions refer to the following table which shows the abilities of Mexico and Japan to produce food and cloth. Food and cloth are the only two commodities in the world and their production requires only labor. The amounts of labor required to produce one unit of each of these commodities in the two countries are shown in the table below.


-Refer to Mexico and Japan.What is the cost of producing 1 bushel of food in Mexico?

A) 3 hours of labor.
B) 1/2 bolt of cloth.
C) 1/3 bushel of imported Japanese food.
D) 1/4 bolt of imported Japanese cloth.