Multiple Choice
Table 2-9
Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-9.What is Japan's opportunity cost of producing one pound of rice?
A) 0.04 units of a wristwatch
B) 4 wristwatches
C) 25 wristwatches
D) 40 wristwatches
Correct Answer:

Verified
Correct Answer:
Verified
Q121: Carmelita can perform either a combination of
Q122: Figure 2-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-9
Q123: What causes a production possibilities frontier to
Q124: Table 2-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 2-6
Q125: Figure 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-4
Q127: Horatio can produce either a combination of
Q128: Figure 2-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-1
Q129: The slope of a production possibilities frontier
Q130: _ exists because unlimited wants exceed the
Q131: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-2