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

question 163

Multiple Choice

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

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

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Definitions:

Tuckman's Model

A theory of group development outlining stages: forming, storming, norming, performing, and adjourning, through which groups tend to progress.

Storming

A stage in group development characterized by conflict and competition as group members adjust to their roles and relationships.

Group Dynamics

The study of the psychological and behavioral processes within a social group or between social groups.

Psychological Processes

Internal operations that underlie cognitive, emotional, and behavioral responses, governing how people perceive, think, feel, and act.