Table 3-3 -Refer to Table 3-3

question 1

Multiple Choice

Table 3-3
$\begin{array}{|l|c|c|c|c|}\hline&\text { Hours needed to make one unit of: }&&\text { Amount produced in } 2400 \text { hours: }\\\hline & \text { Cars } & \text { Aeroplanes } & \text { Cars } & \text { Aeroplanes } \\\hline \text { US } & 40 & 160 & 60 & 15 \\\hline \text { Europe } & 50 & 150 & 48 & 16 \\\hline\end{array}$
-Refer to Table 3-3.The opportunity cost of one aeroplane for Europe is:

• A)four cars
• B)three cars
• C)1/3 car
• D)1/4 car

---

Definitions:

Strong Dollar

A situation where the U.S. dollar has a high value compared to other currencies, usually implying greater purchasing power in the international market.

Euro

A currency system utilized by 19 of the total 27 nations in the European Union, widely recognized as the eurozone.

Vacation

A period of time devoted to rest, relaxation, or travel, often taken away from work or daily responsibilities.

Stronger Dollar

A situation where the value of the U.S. dollar increases relative to other currencies in the global market, making imports cheaper and exports more expensive.