This Table Shows How Much Cotton and Cocoa Can Be

question 49

Multiple Choice

This table shows how much cotton and cocoa can be produced in Peru and Brazil with one unit of equivalent resources.
TABLE 32-4
-Refer to Table 32-4.The opportunity cost of a bushel of cocoa beans in Brazil is

• A)1/2 bale cotton.
• B)1 bale cotton.
• C)1/6 bale cotton.
• D)1/3 bale cotton.
• E)2/3 bale cotton.

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Definitions:

Limited Partnership

A business arrangement with at least one general partner managing the business and responsible for its debts, and one or more limited partners whose liability is restricted to their investment.

Transferable Interest

An interest in an entity, such as a partnership, that can be transferred or sold from one party to another.

Members

Individuals or entities that are part of a group or organization, such as a corporation, partnership, or any association who may have certain rights, duties, and obligations within the organization.

LLC

A limited liability company, which is a business structure in the US that offers its owners (members) protection from personal liability for its debts and obligations.