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

question 14

Multiple Choice

Table 2-20
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 Thailand's opportunity cost of producing one wristwatch? A) 0.05 pounds of rice B) 20 pounds of rice C) 25 pounds of rice D) 60 pounds of rice 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 Thailand's opportunity cost of producing one wristwatch?

Definitions:

Ecdysozoa

A group of protostome animals, including arthropods and nematodes, characterized by periodic shedding of their exoskeletons during growth.

Lophotrochozoa

A major group within the animal kingdom, which includes organisms that have either a lophophore for feeding or a trochophore larval stage in their development.

Deuterostomes

Animals characterized by the development of the anus from the first opening in the embryo, with humans and starfish as examples.

Metazoan

A multicellular organism of the kingdom Animalia, characterized by complex structures and systems that perform specific functions.

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