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Table 2-9 Table 2-9 Shows the Number of Labor Hours

question 53

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Table 2-9
Table 2-9    Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand. -Refer to Table 2-9.What is Thailand's opportunity cost of producing one pound of rice? A) 60 wristwatches B) 20 wristwatches C) 5 wristwatches D) 0.05 units of a wristwatch Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-9.What is Thailand's opportunity cost of producing one pound of rice?

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Definitions:

Frequency Distribution

A representation, often in graphical form, showing the number of observations within each given interval.

Sample

A subset of individuals or observations selected from a larger population for the purpose of conducting a study.

Dinner

A main meal typically eaten in the evening.

Frequency Distribution

A tabular or graphical representation showing how often each different value in a set of data occurs.

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