Multiple Choice
The table given below shows the number of labor hours required to produce 1 umbrella and 1 bushel of corn in the U.K. and the Rest of the World. What is the opportunity cost of producing a bushel of corn in the United Kingdom?
A) 1/8 of an umbrella
B) 1/3 of an umbrella
C) 3 umbrellas
D) 8 umbrellas
Correct Answer:

Verified
Correct Answer:
Verified
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