Suppose That a Typical German Factory Can Produce 20 Cameras

question 375

Multiple Choice

Suppose that a typical German factory can produce 20 cameras or 1 computer in an hour, and that a typical American factory can produce 10 cameras or 1 computer in an hour. The opportunity cost of 20 cameras in terms of computers in Germany is

• A) 1 computer per camera.
• B) 2 computers per camera..
• C) 10 computers per camera.
• D) 1/20 of a computer per camera..

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Definitions:

Failure

Failure refers to the state or condition of not meeting a desirable or intended objective, and can be seen as an opportunity for learning and growth.

Semi-Peripheral

Refers to countries that occupy an intermediate position in the global economic system, neither fully core nor fully peripheral.

Core Regions

Areas that dominate a country or region's economy, politics, and culture, often having advanced technological development and high levels of productivity.

Wallerstein's Theory

Refers to the world-systems theory, which analyzes the world economy as a complex system structured by capitalist exploitation and nation-state competition.