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 bolt of clothing in Mexico?

A) 6 hours of labor.
B) 2 bushels of food.
C) 3 bushels of imported Japanese food.
D) 4 bolts of imported Japanese cloth.