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.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains Rrom Trade
Section: Chapter Questions
Problem 3PA
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