Multiple Choice
Table 2.6
Table 2.6 shows the number of labour hours required to produce a digital camera and a kilo of wheat in China and South Korea.
-Refer to Table 2.6. What is China's opportunity cost of producing one digital camera?
A) 0.04 kilos of wheat
B) 4 kilos of wheat
C) 20 kilos of wheat
D) 40 kilos of wheat
Correct Answer:

Verified
Correct Answer:
Verified
Q90: The natural resources used in production are
Q103: Comparative advantage means the ability to produce
Q167: Table 2.6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Table 2.6
Q169: Table 2.5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Table 2.5
Q171: The points outside the production possibility frontier
Q173: Figure 2.7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Figure 2.7
Q175: Figure 2.6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Figure 2.6
Q176: Table 2.8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Table 2.8
Q177: Which of the following statements about an
Q240: When you purchase a new set of