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

question 406

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 pound of rice?

• A) 0.04 units of a wristwatch
• B) 4 wristwatches
• C) 25 wristwatches
• D) 40 wristwatches

---

Definitions:

Encoding Information

The process of converting information into a form that allows it to be stored in our memory.

Inferences

The cognitive process of deriving logical conclusions from premises known or assumed to be true.

Sternberg

Refers to Robert Sternberg, an American psychologist best known for his theory on intelligence and creativity.

Fluid Intelligence

The ability to think abstractly, reason, identify patterns, and solve novel problems.