Table 26 Table 26 Shows the Number of Labour Hours Required to Produce

question 30

Multiple Choice

Table 2.6
$$\begin{array} { | l | c | c | } \hline & \begin{array} { c } \text { One Digital } \\\text { Camera }\end{array} & \text { Wheat (per kilogram) } \\\hline \text { China } & 100 \text { hours } & 4 \text { hours } \\\hline \text { South Korea } & 60 \text { hours } & 3 \text { hours } \\\hline\end{array}$$ Table 2.6 shows the number of labour hours required to produce a digital camera and a kilogram of wheat in China and South Korea.
-Refer to Table 2.6.What is South Korea's opportunity cost of producing one digital camera?

• A) 0.05 kilogram of wheat
• B) 20 kilograms of wheat
• C) 25 kilograms of wheat
• D) 60 kilograms of wheat

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Definitions:

More Than One Year

Typically refers to obligations or assets that have a life or duration longer than one year from the current date.

Agency Terminates

The conclusion or end of an agency relationship between a principal and agent, which can occur through mutual agreement, completion of the task, or by other legal means.

Disclose Information

The act of making information known or revealed, often in a formal or official capacity.

Subjective Test

A method of assessment where outcomes are influenced by the perspectives, interpretations, or judgments of the evaluator.