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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

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