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

question 340

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's opportunity cost of one airplane is

• A) 1/5 car and Korea's opportunity cost of one airplane is 1/3 car.
• B) 1/5 car and Korea's opportunity cost of one airplane is 3 cars.
• C) 5 cars and Korea's opportunity cost of one airplane is 1/3 car.
• D) 5 cars and Korea's opportunity cost of one airplane is 3 cars.

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Definitions:

Stable

A term describing something that is unchanging, firmly established, or not prone to fluctuations.

Metaphysical

Pertaining to the fundamental nature of reality and being that goes beyond the physical world and includes concepts such as existence, objects and their properties, space, and time.

Physical Environment

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