Table 1 shows the units of output a worker can produce per month in Australia and Korea. ?
Refer to table 1. The opportunity cost of 1 unit of food in Australia is
A) 1/5 of a unit of electronics.
B) 5 units of electronics.
C) 4 units of electronics.
D) 1/4 of a unit of electronics.
Correct Answer:
Verified
Q22: Suppose the world price is below the
Q23: Which of the following statements about trade
Q24: Suppose a country's workers can produce 4
Q25: Table 1 shows the units of
Q26: Exhibit 2 Q28: Table 1 shows the units of Q29: Suppose a country's workers can produce 4 Q30: If free trade is allowed, a country Q31: Table 1 shows the units of Q32: Exhibit 2
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