Solved

Table 3-26 Assume That Japan and Korea Can Switch Between Producing Cars

Question 163

Multiple Choice

Table 3-26
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
​ Table 3-26 Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate. ​ -Refer to Table 3-26. Japan's opportunity cost of one airplane is A) 1/5 car and Korea's opportunity cost of one airplane is 1/3 car. B) 1/5 car and Korea's opportunity cost of one airplane is 3 cars. C) 5 cars and Korea's opportunity cost of one airplane is 1/3 car. D) 5 cars and Korea's opportunity cost of one airplane is 3 cars.
-Refer to Table 3-26. Japan's opportunity cost of one airplane is


A) 1/5 car and Korea's opportunity cost of one airplane is 1/3 car.
B) 1/5 car and Korea's opportunity cost of one airplane is 3 cars.
C) 5 cars and Korea's opportunity cost of one airplane is 1/3 car.
D) 5 cars and Korea's opportunity cost of one airplane is 3 cars.

Correct Answer:

verifed

Verified

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

Related Questions

Q10: Figure 3-26<br>Mary's Production Possibilities Frontier Kate's Production

Q19: Figure 3-14<br>Arturo's Production Possibilities Frontier<br>Dina's Production Possibilities

Q29: Adam Smith wrote that a person should

Q43: If Shawn can produce more donuts in

Q58: A production possibilities frontier is a graph

Q115: Figure 3-15<br>Perry's Production Possibilities Frontier<br>Jordan's Production Possibilities

Q158: Table 3-36 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Table 3-36

Q160: Table 3-12<br>Barb and Jim run a business

Q167: Table 3-9<br>Assume that Maya and Miguel can

Q173: When there are two people and each