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    Exam 2: Trade-Offs, comparative Advantage, and the Market System
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    Table 2-4 Table 2-4 Shows the Number of Labor Hours Required to of Labor
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Table 2-4 Table 2-4 Shows the Number of Labor Hours Required to of Labor

Question 14

Question 14

Multiple Choice

Table 2-4
Table 2-4     Table 2-4 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 2-4.What is China's opportunity cost of producing one digital camera? A)  0.04 pounds of wheat B)  4 pounds of wheat C)  25 pounds of wheat D)  40 pounds of wheat
Table 2-4 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 2-4.What is China's opportunity cost of producing one digital camera?


A) 0.04 pounds of wheat
B) 4 pounds of wheat
C) 25 pounds of wheat
D) 40 pounds of wheat

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