The Data in the Table Below Assumes That with the Same

question 78

Multiple Choice

The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers. Australia can make 1,000 computers or 2,000 units of food in a day, and the Philippines can make 200 computers or 1,200 units of food in a day.Table 20.2

-According to Table 20.2, what is the opportunity cost of 1 computer in Australia?

• A)Half a unit of food
• B)One-sixth of a unit of food
• C)1 unit of food
• D)6 units of food
• E)2 units of food

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Definitions:

Budget

An estimate of income and expenditure for a set period, often used by governments, businesses, and individuals to plan financial operations.

Bananas

A staple fruit globally known for its yellow peel and soft, sweet flesh, often grown in tropical regions.

Productive Resources

The inputs used in the production of goods and services, typically classified as land, labor, capital, and entrepreneurship.

Economists

Professionals who study, develop, and apply theories and concepts from economics and write about economic policy.