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Basic Question 1 of 15

Units of output per work day:

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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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

describe the benefits and costs of international trade

CFA® 2024 Level I Curriculum, Volume 1, Module 6.