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

question 113

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.If the two countries specialize and trade, who should export wheat?

• A)There is no basis for trade between the two countries.
• B)China
• C)South Korea
• D)They should both be exporting wheat.

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Definitions:

Concrete

Pertaining to actual things or instances, rather than abstract qualities, ideas, or theories.

Visible Object

An entity or item that can be seen or perceived visually by the human eye.

Touchable Object

An object that can be perceived or interacted with through the sense of touch.

Abstractness

A quality of being non-concrete or theoretical, representing ideas or concepts rather than physical realities.