Suppose an American Worker Can Make 20 Pairs of Shoes

question 37

Multiple Choice

Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day.A Canadian worker,on the other hand,can produce 10 pairs of shoes or grow 20 apples per day.The opportunity cost of one pair of shoes for the United States is _______,while the opportunity cost of one pair of shoes for Canada is _________.

• A)5 apples;2 apples
• B)¹/₅ apple;½ apple
• C)2,000 apples;200 apples
• D)100 apples;20 apples

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Definitions:

Manufactured Goods

Items that have undergone a transformation process, turning raw materials into finished products through manual labor or machinery.

Software Development

The process of conceiving, specifying, designing, programming, documenting, testing, and fixing bugs involved in creating and maintaining applications, frameworks, or other software components.

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient trading possibilities.

India

A country in South Asia, known for its diverse culture, historical heritage, and as the world's largest democracy.