WORLD VIEW World's Largest Armies Rank Country Active Military 1 China 2,183,000 2 India 1,362,000 3 United States 1,282,000 4 North Korea 1,280,000 5 Russia 1,014,000 6 Pakistan 654,000 7 South Korea 525,000 8 Iran 523,000 9 Turkey 510,600 10 Vietnam 482,000 Source: U.S. Central Intelligence Agency 2019. Enter responses in Whole Numbers: If an average North Korean Farmer produces 1500 pounds of food per year, what is the opportunity cost, in pounds of food, of North Korea's Army? If a person needs 500 pounds of food per year to survive, how many people good have been fed with the forgone food output?

WORLD VIEW World's Largest Armies Rank Country Active Military 1 China 2,183,000 2 India 1,362,000 3 United States 1,282,000 4 North Korea 1,280,000 5 Russia 1,014,000 6 Pakistan 654,000 7 South Korea 525,000 8 Iran 523,000 9 Turkey 510,600 10 Vietnam 482,000 Source: U.S. Central Intelligence Agency 2019. Enter responses in Whole Numbers: If an average North Korean Farmer produces 1500 pounds of food per year, what is the opportunity cost, in pounds of food, of North Korea's Army? If a person needs 500 pounds of food per year to survive, how many people good have been fed with the forgone food output?

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter19: Labor And Entrepreneurship: The Human Inputs

Section: Chapter Questions

Problem 14DQ

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