(Table: Comparative Advantage I) Look at the Table Comparative Advantage

question 209

Multiple Choice

(Table: Comparative Advantage I) Look at the table Comparative Advantage I.The opportunity cost of producing 1 box of herring for Finland is:

• A)10 boxes of cell phones.
• B)0.5 boxes of cell phones.
• C)5 boxes of cell phones.
• D)0.1 cell phone.

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Definitions:

Addition

The mathematical process of combining two or more numbers to get their total.

Exponentiation

A mathematical operation involving two numbers, the base and the exponent, where the base is multiplied by itself as many times as the exponent indicates.

Division

A mathematical operation involving the process of calculating how many times one number is contained within another.

Multiplication

A mathematical operation that calculates the total of repeatedly adding a number to itself a specified number of times, symbolized by the sign ×.