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.

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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
the slope of Japan's PPF would be -0.2 and the slope of Korea's PPF would be -0.33
the slope of Japan's PPF would be -0.25 and the slope of Korea's PPF would be -0.33.
O the slope of Japan's PPF would be -5 and the slope of Korea's PPF would be -0.33.
Transcribed Image Text: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 the slope of Japan's PPF would be -0.2 and the slope of Korea's PPF would be -0.33 the slope of Japan's PPF would be -0.25 and the slope of Korea's PPF would be -0.33. O the slope of Japan's PPF would be -5 and the slope of Korea's PPF would be -0.33.
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