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Basic Question 1 of 15
Units of output per work day:
B. 1 unit of food is 2 units of clothing.
C. 1 unit of clothing is 2 units of food.
Which of the following statements is correct?
In Japan, the opportunity cost of ______
A. 1 unit of food is 3 units of clothing.
B. 1 unit of food is 2 units of clothing.
C. 1 unit of clothing is 2 units of food.
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Learning Outcome Statements
describe the benefits and costs of international trade
CFA® 2025 Level I Curriculum, Volume 1, Module 6.