Table 2-20 Table 2-20 Shows the Number of Labor Hours

question 223

Multiple Choice

Table 2-20
Table 2-20 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-20. What is Japan's opportunity cost of producing one wristwatch?

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

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Definitions:

Crying Child

A young individual expressing distress, discomfort, or the need for attention through tears and vocalizations.

Checkout Counter

A desk or counter where goods are paid for in stores, including supermarkets and retail establishments.

External Locus

A belief that control over events and outcomes in one's life lies outside the self, with factors such as fate, luck, or other people.

Control

The power to influence or direct people's behavior or the course of events.