Table 2-4 Table 2-4 Shows the Number of Labor Hours Required to of Labor

question 65

Multiple Choice

Table 2-4

Table 2-4 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
-Refer to Table 2-4.What is Estonia's opportunity cost of producing one cell phone?

• A) 0.2 board feet of lumber
• B) 5 board feet of lumber
• C) 8 board feet of lumber
• D) 32 board feet of lumber

---

Definitions:

Coding

Coding involves translating and structuring data or instructions into a form that is understandable by computers and software systems to perform specific tasks.

Adopted on Impulse

refers to making a purchase or decision based on spontaneous desire rather than careful thought.

Regression Stage

A phase of development or transition characterized by a return to earlier patterns of behavior, often as a response to stress or trauma.

Trickle-across Effect

A trend diffusion process where fashion and ideas move horizontally within similar social levels or groups.