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

question 53

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 1 kilogram of wheat?

• A) 60 digital cameras
• B) 20 digital cameras
• C) 5 digital cameras
• D) 0.05 units of a digital camera

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Definitions:

Desirable Rewards

Refers to benefits or incentives that are sought after by individuals or groups in various contexts, such as workplaces, social settings, or educational environments.

George Homans

An American sociologist, considered one of the major contributors to social exchange theory, highlighting reward and cost analysis in social interactions.

Rational Action

A decision-making process that involves logical reasoning and consideration of facts to achieve a specific objective.

Rational Choice Theorists

Scholars who explain social interactions and structures through the lens of individual decisions, assuming people act based on cost-benefit analyses.