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

question 42

Multiple Choice

Table 3-3
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
-Refer to Table 3-3.Assume that Japan and Korea each has 2400 hours available.If each country divides its time equally between the production of cars and airplanes,then total production is

• A)40 cars and 8 airplanes.
• B)64 cars and 16 airplanes.
• C)80 cars and 16 airplanes.
• D)128 cars and 32 airplanes.

---

Definitions:

Surplus Labor

Refers to the portion of labor capacity that exceeds the necessary labor for producing a desired output.

Referrals

People who apply for a vacancy because someone in the organization prompted them to do so.

Vacancy

An unoccupied position or job opening within an organization.

Labor Shortages

A situation where the demand for labor in a particular market or industry exceeds the supply of workers willing or available to work.