Table 2-4 Table 2-4 Shows the Number of Labor Hours Required to of Labor

question 8

Multiple Choice

Table 2-4

Table 2-4 shows the number of labor hours required to produce a digital camera and a pound of wheat in China and South Korea.
-Refer to Table 2-4.South Korea has a comparative advantage in the production of

• A) wheat.
• B) digital cameras.
• C) both products.
• D) neither product.

---

Definitions:

Dry Judgment

A court judgement that orders a payment or entitlement without specifying the means of achieving it or fails to award the plaintiff any compensatory damages.

Garnishment Process

A legal procedure by which a creditor can collect what a debtor owes by requiring a third party to turn over the debtor's wages or property.

Limitations

Restrictions or time limits within which legal action must be initiated or rights enforced to prevent stale claims.

Counterclaim

A claim made by a defendant in opposition to, or as a retaliation against, the plaintiff's claim in a lawsuit.