Table 3-21
Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. The following table shows the number of coolers or number of radios each country can produce in one day. 
-Refer to Table 3-21. Suppose Jamaica decides to increase its production of radios by 12. What is the opportunity cost of this decision?
Definitions:
Demand
The desire, willingness, and ability of consumers to purchase goods or services at a given price.
Junk Bond
A high-risk, high-yield bond issued by companies considered to be at greater risk of defaulting on their debt obligations.
Corporate Bond
A debt security issued by a corporation to raise funding, offering periodic interest payments and the return of the principal at maturity.
Default
The failure to meet the legal obligations of a loan, such as not making the agreed-upon payments.
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