Table 3-26 Assume That Japan and Korea Can Switch Between Producing Cars

question 304

Multiple Choice

Table 3-26
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
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-Refer to Table 3-26. Japan's opportunity cost of one car is

• A)1/5 airplane and Korea's opportunity cost of one car is 1/3 airplane.
• B)1/5 airplane and Korea's opportunity cost of one car is 3 airplanes.
• C)5 airplanes and Korea's opportunity cost of one car is 1/3 airplane.
• D)5 airplanes and Korea's opportunity cost of one car is 3 airplanes.