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    Exam 2: Trade-Offs, Comparative Advantage, and the Market System
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    Table 2-14 Table 2-14 Shows the Number of Labor Hours
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Table 2-14 Table 2-14 Shows the Number of Labor Hours

Question 283

Question 283

Multiple Choice

Table 2-14
Table 2-14    Table 2-14 shows the number of labor hours required to produce a motorcycle and a guitar in Ireland and Scotland. -Refer to Table 2-14. What is Scotland's opportunity cost of producing one motorcycle? A)  0.25 guitar B)  4 guitars C)  12 guitars D)  16 guitars Table 2-14 shows the number of labor hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2-14. What is Scotland's opportunity cost of producing one motorcycle?


A) 0.25 guitar
B) 4 guitars
C) 12 guitars
D) 16 guitars

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