Table 210 -Refer to Table 2

question 87

Essay

Table 2.10
$$\begin{array} { | l | c | c | } \hline & \text { Digitcl Curnera } & \text { Wheat (bushels) } \\\hline \text { China } & 100 \text { hours } & \text { 5 hours } \\\hline \text { South Korea } & 90 \text { hours } & \text { 3 hours } \\\hline\end{array}$$
-Refer to Table 2.10.This table shows the number of labour hours required to produce a digital cameras and a bushel of wheat in China and South Korea.
a.Which country has an absolute advantage in the production of digital cameras?
b.Which country has an absolute advantage in the production of wheat?
c.What is China's opportunity cost of producing one digital camera?
d.What is South Korea's opportunity cost of producing one digital camera?
e.What is China's opportunity cost of producing 1 kilogram of wheat?
f.What is South Korea's opportunity cost of producing 1 kilogram of what?
g.If each country specialises in the production of the product in which it has a comparative advantage,who should produce digital cameras?
h.If each country specialises in the production of the product in which it has a comparative advantage,who should produce wheat?
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Definitions:

Injection of Wastes

The disposal of waste by pumping it below the earth's surface into porous rock formations.

Clean Water Act

U.S. federal law aimed at reducing pollution and protecting the quality of the nation’s waters.

Environmental Impact Statement

A document that describes the effects of proposed projects on the environment, required for certain actions by government agencies.

National Environmental Policy Act

U.S. legislation aimed at ensuring that governmental activities consider environmental impacts and involve public engagement.