Multiple Choice
Table 2-8
Table 2-8 shows the number of labor hours required to produce a digital camera and a pound of wheat in China and South Korea.
-Refer to Table 2-8.If the two countries specialize and trade, who should export digital cameras?
A) There is no basis for trade between the two countries.
B) China
C) South Korea
D) They should both be importing digital cameras.
Correct Answer:

Verified
Correct Answer:
Verified
Q184: Table 2-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 2-7
Q185: The points outside the production possibilities frontier
Q186: Figure 2-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 2-4
Q187: Table 2-16<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 2-16
Q188: Table 2-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 2-7
Q190: Suppose your expenses for this term are
Q191: According to the production possibilities model, if
Q192: Table 2-9<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 2-9
Q193: Table 2-16<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 2-16
Q194: In a two-good, two country world, if