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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 140

Question 140

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 guitar? A)  0.25 motorcycle B)  4 motorcycles C)  12 motorcycles D)  16 motorcycles 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 guitar?


A) 0.25 motorcycle
B) 4 motorcycles
C) 12 motorcycles
D) 16 motorcycles

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