Table 3-10 Assume That Japan and Korea Can Switch Between Producing Cars

question 328

Multiple Choice

Table 3-10
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
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-Refer to Table 3-10. We could use the information in the table to draw a production possibilities frontier for Japan and a second production possibilities frontier for Korea. If we were to do this, measuring airplanes along the horizontal axis, then

• A)the slope of Japan's production possibilities frontier would be -5 and the slope of Korea's production possibilities frontier would be -3.
• B)the slope of Japan's production possibilities frontier would be -0.2 and the slope of Korea's production possibilities frontier would be -0.33.
• C)the slope of Japan's production possibilities frontier would be 0.2 and the slope of Korea's production possibilities frontier would be 0.33.
• D)the slope of Japan's production possibilities frontier would be 5 and the slope of Korea's production possibilities frontier would be 3.

Understand the characteristics of different biogeochemical cycles (carbon, water, nitrogen, phosphorus).

Appreciate the role of decomposers in nutrient cycling and ecosystem sustainability.

Analyze the principles of energy transfer and trophic levels in ecosystems.

Understand the processes involved in the nitrogen cycle and its importance for living organisms.

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Definitions:

Marginal Product

The additional output resulting from the use of one more unit of a production input, holding other inputs constant.

Total Product

The overall quantity of output produced by a firm from a given amount of inputs within a certain period.

Quality Tools

Instruments or techniques used to enhance product or service quality through problem-solving, process analysis, and improvement strategies.

Short Run

The short run in economics is a time period during which at least one input, such as plant size, is fixed and cannot be changed by the firm.