Table 3-26 Assume That Japan and Korea Can Switch Between Producing Cars

question 288

Multiple Choice

Table 3-26
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
​
-Refer to Table 3-26. Suppose Korea decides to increase its production of cars by 18. What is the opportunity cost of this decision?

• A)3 airplanes
• B)6 airplanes
• C)16 airplanes
• D)150 airplanes

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Definitions:

Human Flourishing

A concept in moral philosophy that relates to living well and realizing one's full potential through ethical and virtuous actions.

Golden Mean

Aristotle's concept of finding the desirable middle between two extremes, one of excess and the other of deficiency.

Theory of Moderation

A philosophical principle suggesting that moderation in all things is the key to a good life, avoiding extremes in behavior, beliefs, and actions.

Athenian Gentleman

Historical term referring to a male citizen of ancient Athens who adhered to principles of personal virtue, wisdom, and civic responsibility.