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

question 75

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 pound of wheat?

• A) 0.04 units of a digital camera
• B) 4 digital cameras
• C) 25 digital cameras
• D) 40 digital cameras

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Definitions:

Political Party

An organized group of people with similar political aims and opinions that seeks to influence public policy by getting its candidates elected to public office.

Interest Group

An organization or group that advocates for its members' interests, often in the political realm.

National

Pertaining to or encompassing an entire nation, as opposed to being regional or local; often refers to governmental policies or initiatives at the country-wide level.

State

An organized political community under one government; a nation or territory considered as an organized political community.