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Labaur howrs n&n_:n:ltl tomake 1 umit- Amount produced m 24 hours: Cars | Adrplanes Cars Adrplanes Canada 10 5 4 H Japan B | 2

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Labaur howrs n&n_:n:ltl tomake 1 umit- Amount produced m 24 hours: Cars | Adrplanes Cars Adrplanes Canada 10 5 4 H Japan B | 2 5 20 17. Refer to the above table. What is the opportunity cost of one car for Japan? 18. 19. 20. 21. 22, a. 1/4 airplane b, 1/2 airplane C. 2 airplanes . 4 airplanes Refer to the above table. What is the opportunity cost of one car for Canada? a. 1/4 airplane b, 1/2 airplane C. 2 airplanes . 4 airplanes Refer to the above table. What is the opportunity cost of one airplane for Canada? a. 1/4 car h. 1/2 car c. 2 cars d. 4 cars Refer to the above table. What is the opportunity cost of one airplane for Japan? a. 1/4 car h. 1/2 car c. 2 cars d. 4 cars Refer to the above table. Which country has a comparative advantage in producing cars and which country has a comparative advantage in producing airplanes? a. Japan has a comparative advantage in producing cars, and Canada has a comparative advantage in producing airplanes. b. Canada has a comparative advantage in producing cars, and Japan has a comparative advantage in producing airplanes. C. Canada has a comparative advantage in producing both cars and airplanes. d. Japan has a comparative advantage in producing both cars and airplanes. Refer to the above table. Which country has an absolute advantage in producing cars and which country has an absolute advantage in producing airplanes? a. Japan has an absolute advantage in producing cars, and Canada has an absolute advantage in producing airplanes. b. Canada has an absolute advantage in producing cars, and Japan has an absolute advantage in producing airplanes. C. Canada has an absolute advantage in producing both cars and airplanes. d. Japan has an absolute advantage in producing both cars and airplanes

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