Table 3-7 Assume That Japan and Korea Can Switch Between Producing Cars

question 207

Multiple Choice

Table 3-7
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.

-Refer to Table 3-7.Japan and Korea would not be able to gain from trade if Korea's opportunity cost of one car changed to

• A) 1/5 airplane.
• B) 1/3 airplane.
• C) 3 airplanes.
• D) 5 airplanes.

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Definitions:

Unethical Practices

Actions or behaviors that violate moral principles, standards, or codes of conduct within a particular field or society.

Personal Gain

The achievement of personal benefits or advantages, often at the expense of others or ethical principles.

Locus of Control

A psychological concept referring to the extent to which individuals believe they have control over the events that affect their lives.

External

Pertaining to factors, forces, or environments outside of an individual or organization that influence outcomes or actions.