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Table 19-9
Output Per Hour of Work Table 19-9 Shows the Output Per Hour of Work for

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Table 19-9
Output Per Hour of Work
 Light Bulbs  Flash Drives  Mexico 205 Canada 832\begin{array}{|l|c|c|}\hline & \text { Light Bulbs } & \text { Flash Drives } \\\hline \text { Mexico } & 20 & 5 \\\hline \text { Canada } & 8 & 32 \\\hline\end{array} Table 19-9 shows the output per hour of work for light bulbs and flash drives in Mexico and in Canada.
-Refer to Table 19-9.Fill in the following table with the opportunity costs of producing light bulbs and flash drives for Mexico and Canada.
 Light Bulbs  Flash Drives  Mexico  Canada \begin{array}{|l|c|c|}\hline & \text { Light Bulbs } & \text { Flash Drives } \\\hline \text { Mexico } & \\\hline \text { Canada } & \\\hline\end{array}

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Definitions:

Excess Supply

A market condition where the quantity of a product offered for sale by producers exceeds the quantity demanded by consumers at a given price.

Price Floor

A government-imposed minimum price charged for a commodity, below which it cannot legally be sold, typically intended to protect producers.

Retailers

Businesses that sell goods directly to consumers.

Price Floor

A government-imposed minimum price set above the equilibrium price, intended to ensure fair conditions for producers.

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