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

question 485

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. Assume that Japan and Korea each has 2400 hours available. Originally, each country divided its time equally between the production of cars and airplanes. Now, each country spends all its time producing the good in which it has a comparative advantage. As a result, the total output of cars increased by

• A)16.
• B)40.
• C)64.
• D)80.

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Definitions:

Positive Psychology

A branch of psychology that focuses on the study and promotion of positive aspects of human life, such as happiness, well-being, and strengths.

Social and Intellectual Movement

A group push towards societal change that is often driven by or involves significant shifts in thought and knowledge.

Negatively Oriented History

An interpretation or record of past events that focuses on negative outcomes, conflicts, or aspects, often leading to a pessimistic or critical view.

Positive Psychology

A branch of psychology focused on the study of positive emotions, traits, and conditions leading to human flourishing and well-being.