- Based on the Information in Table 35

question 90

Multiple Choice

- Based on the information in Table 35.1,assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods.The opportunity cost of producing 1 ton of soybeans in the United States is

• A)1/5 of a computer.
• B)1/3 of a computer.
• C)3 computers.
• D)5 computers.

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Definitions:

Lienholder

A person or entity that has a legal right or claim on another's property until a debt or duty owed by the property owner is satisfied.

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, typically repayment of a debt.

Accommodation Surety

A guarantor who agrees to be responsible for someone else's debt or obligation without receiving any benefit.

Bonding Company

A company that provides financial assurance to a third party through a bond, guaranteeing the performance of an individual's or company's obligations.