Multiple Choice
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 car is
A) 1/5 airplane and Korea's opportunity cost of one car is 1/3 airplane.
B) 1/5 airplane and Korea's opportunity cost of one car is 3 airplanes.
C) 5 airplanes and Korea's opportunity cost of one car is 1/3 airplane.
D) 5 airplanes and Korea's opportunity cost of one car is 3 airplanes.
Correct Answer:

Verified
Correct Answer:
Verified
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