In New Zealand One Worker Can Produce 40 Walking Sticks

question 21

Multiple Choice

In New Zealand one worker can produce 40 walking sticks or 10 boomerangs each hour.What is the opportunity cost of producing one walking stick?

• A)40 boomerangs
• B)10 boomerangs
• C)4 boomerangs
• D)1/4 of a boomerang
• E)1/2 worker

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Money Income

The total amount of monetary earnings or revenue obtained by an individual or household over a specific period.

Capital Resources

Assets such as buildings, machineries, and equipment used in the production of goods and services.

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A structure that uses the energy from flowing water to generate electricity, capitalizing on water cycle and gravitational forces.