The following table shows the units of output a worker can produce per month in Germany and South Korea. Use this table to answer the following question. Steel (tons) PC (Personal Computer) Germany 20 10 South Korea 8 2 The opportunity cost of one ton of steel in Germany is The opportunity cost of one ton of steel in South Korea is one-quarter of a PC. four PCs. four PCs. two PCs. one-half of a PC. one-quarter of a PC. two PCs. one-half of a PC. Which country has a comparative advantage in steel production? Neither South Korea Germany O O
The following table shows the units of output a worker can produce per month in Germany and South Korea. Use this table to answer the following question. Steel (tons) PC (Personal Computer) Germany 20 10 South Korea 8 2 The opportunity cost of one ton of steel in Germany is The opportunity cost of one ton of steel in South Korea is one-quarter of a PC. four PCs. four PCs. two PCs. one-half of a PC. one-quarter of a PC. two PCs. one-half of a PC. Which country has a comparative advantage in steel production? Neither South Korea Germany O O
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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