Table 2-8 Table 2-8 Shows the Number of Labor Hours Required to of Labor

question 75

Multiple Choice

Table 2-8

Table 2-8 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 2-8.What is South Korea's opportunity cost of producing one digital camera?

• A)0.05 pounds of wheat
• B)20 pounds of wheat
• C)25 pounds of wheat
• D)60 pounds of wheat

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Philadelphia

A city in southeastern Pennsylvania, notable for its rich history, including Independence Hall and the Liberty Bell.

Employer

An individual or organization that hires and pays people to perform specific jobs.

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The act or process of moving someone or something from one place, position, or ownership to another.

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