Question
The Number of Worker Days to Produce One Cuckoo Clock or Movie Using All Available Resources Product United States (WorkerDays) Switzerland (WorkerDays) Cuckoo Clocks 8
The Number of Worker Days to Produce One Cuckoo Clock or Movie Using All AvailableResources
Product
United States
(WorkerDays)
Switzerland
(WorkerDays)
Cuckoo Clocks
8
6
Movies
12
4
Based on the data in the abovetable, then if opportunity costs areconstant, the opportunity cost of producing cuckoo clocks in the United States is________, and the opportunity cost of producing cuckoo clocks in Switzerland is________.
A.
0.33movies; 0.67 cuckoo clocks
B.
3movies; 1.33 cuckoo clocks
C.
0.67movie; 1.5 movies
D.
1.5movies; 0.67 movie
Refer to the table at right. The current account balance is
A.
$170.
B.
$45.
C.
$140.
D.
$155.
Exports of goods
$1,000
Net unilateral transfers
15
Imports of services
590
Official transactions
60
Capital coming into U.S.
400
Imports of goods
665
Exports of services
410
U.S. capital going abroad
600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started