Table 2-11 Table 2-11 Shows the Number of Labor Hours

question 172

Multiple Choice

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. What is China's opportunity cost of producing one digital camera?

• A) 0.04 pounds of wheat
• B) 4 pounds of wheat
• C) 25 pounds of wheat
• D) 40 pounds of wheat

---

Definitions:

Automobiles

Motor vehicles with four wheels designed primarily for passenger transportation.

U.S. Consumers

Individuals or households in the United States that purchase goods and services for personal use.

Domestic Consumers

Households or persons in a country acquiring goods and services for individual use.

Domestic Producers

Businesses or individuals within a country that produce goods or services.