The opportunity cost of producing a computer in Japan is cell phones and the opportunity cost of producing a computer in South Korea is cell phones. (Enter your responses rounded to two decimal places.) has a comparative advantage producing computers and producing cell phones. has a comparative advantage
The opportunity cost of producing a computer in Japan is cell phones and the opportunity cost of producing a computer in South Korea is cell phones. (Enter your responses rounded to two decimal places.) has a comparative advantage producing computers and producing cell phones. has a comparative advantage
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:K
Assume the table below shows the quantities of computers and cell phones that a worker can produce in an hour in
Japan and South Korea.
Japan
South Korea
Computers
8
4
producing cell phones.
The opportunity cost of producing a computer in Japan is cell phones and the opportunity cost of producing a
computer in South Korea is cell phones. (Enter your responses rounded to two decimal places.)
has a comparative advantage producing computers and
Cell Phones
25
17
*
has a comparative advantage
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