The Table below shows the amount of labor hours needed to produce cars and airplanes by Japan and Korea. Assume that each country has 2400 hours of labor available. If we were to draw the PPF for Japan and Korea putting cars in the horizontal axis, then: Table Labor Hours Needed to Make 1 Car 30 50 Airplane 150 150 Japan Korea O the slope of Japan's PPF would be -5 and the slope of Korea's PPF would be-3 O the slope of Japan's PPF would be -0.2 and the slope of Korea's PPF would be -0.33 D the slope of Japan's PPF would be -0.25 and the slope of Korea's PPF would be -0.33. D the slope of Japan's PPF would be -5 and the slope of Korea's PPF would be -0.33.

The Table below shows the amount of labor hours needed to produce cars and airplanes by Japan and Korea. Assume that each country has 2400 hours of labor available. If we were to draw the PPF for Japan and Korea putting cars in the horizontal axis, then: Table Labor Hours Needed to Make 1 Car 30 50 Airplane 150 150 Japan Korea O the slope of Japan's PPF would be -5 and the slope of Korea's PPF would be-3 O the slope of Japan's PPF would be -0.2 and the slope of Korea's PPF would be -0.33 D the slope of Japan's PPF would be -0.25 and the slope of Korea's PPF would be -0.33. D the slope of Japan's PPF would be -5 and the slope of Korea's PPF would be -0.33.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 30P: In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10...

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