Table 3-7
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.

-Refer to Table 3-7.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 3-7
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
 
-Refer to Table 3-7.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 3-7
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
 
-Refer to Table 3-7.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 3-7 Assume That Japan and Korea Can Switch Between Producing Cars