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    Exam 2: Trade-Offs, Comparative Advantage, and the Market System
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    Table 2-11 Table 2-11 Shows the Number of Labor Hours
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Table 2-11 Table 2-11 Shows the Number of Labor Hours

Question 299

Question 299

Multiple Choice

Table 2-11
Table 2-11    Table 2-11 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 2-11. If the two countries specialize and trade, who should export wheat? A)  There is no basis for trade between the two countries. B)  China C)  South Korea D)  They should both be exporting wheat. Table 2-11 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 2-11. If the two countries specialize and trade, who should export wheat?


A) There is no basis for trade between the two countries.
B) China
C) South Korea
D) They should both be exporting wheat.

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