The table below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the rest of the world per labor hour. The opportunity cost of producing an umbrella in the United Kingdom is ProductivityIn the United KingdomIn the Rest of the WorldUmbrellas per labor hour0.251.00Bushels of corn per labor hour0.500.67
A. 1/3 of a bushel of corn.
B. three bushels of corn.
C. 3/2 bushels of corn.
D. two bushels of corn.
Answer: D
Economics
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