Table 2-9 Table 2-9 Shows the Number of Labor Hours

question 88

Multiple Choice

Table 2-9
Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-9.What is Thailand's opportunity cost of producing one wristwatch?

• A)0.05 pounds of rice
• B)20 pounds of rice
• C)25 pounds of rice
• D)60 pounds of rice

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Definitions:

Mulatto Class

A historical term referring to a social class or group composed of people of mixed European and African ancestry, often associated with colonial and slave societies.

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A historical empire that included territories and colonies across the globe, known for its vast reach and wealth in the 16th to 18th centuries.

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Territories in North America under British rule before the formation of the United States and Canada, encompassing colonies that later became part of these and other countries.

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The overthrow of King James II of England in 1688 by a union of Parliamentarians with the Dutch stadtholder William III, marking the transition towards constitutional monarchy.