Table 2-16 Table 2-16 Shows the Number of Labor Hours

question 315

Multiple Choice

Table 2-16
Table 2-16 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
-Refer to Table 2-16. What is Estonia's opportunity cost of producing one cell phone?

• A) 0.2 board feet of lumber
• B) 5 board feet of lumber
• C) 8 board feet of lumber
• D) 32 board feet of lumber

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Definitions:

Excluded

To be deliberately left out or denied access to a group or activity.

Rejected

The state of being dismissed or turned down.

Ancient Greece

A civilization that flourished in the Mediterranean region from around the 8th century BC to the end of antiquity, influential in the fields of philosophy, science, politics, and the arts.

Ostracism

The act of excluding or ignoring someone from a group or society, leading to feelings of isolation.