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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 Finland's opportunity cost of producing one cell phone?
Imports
Products or services imported into a country from overseas for the purpose of selling.
Price
The funds expected, demanded, or provided in exchange for a particular good or service.
CD-Rom Drives
Devices that can read information stored on CD-ROMs, which are used for the digital storage of data.
Tariffs
Levies enforced by a government on goods that are imported or exported.
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