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Refer to the table below to answer the following questions.
Table 15.1.1
-Table 15.1.1 shows Glazeland's doughnut market before international trade.Glazeland opens up to international trade.If the world price is $0.40 a doughnut, then Glazeland will produce _______ doughnuts and will _______ doughnuts.
Equipment
Tangible assets used in the operation or production process of a business, such as machinery, computers, and tools.
Interest Rate
The percentage of a loan that is applied as interest for the borrower, usually shown as an annual rate.
Account
A record summarizing all the transactions pertaining to a particular item in the financial statements.
Annual Rate
The interest rate stated on a yearly basis, often used in the context of savings accounts, loans, or investments to represent the yearly cost or return.
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