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Basic Question 0 of 7
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
identify the factors that determine the value of an option and describe how each factor affects the value of an option
CFA® 2025 Level I Curriculum, Volume 5, Module 8.