Table 2-20 Table 2-20 Shows the Number of Labor Hours

question 223

Multiple Choice

Table 2-20
Table 2-20 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-20. What is Japan's opportunity cost of producing one wristwatch?

• A) 0.04 pounds of rice
• B) 4 pounds of rice
• C) 25 pounds of rice
• D) 40 pounds of rice

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