Refer to the Information Provided in Table 20 -Refer to Table 20

question 68

Multiple Choice

Refer to the information provided in Table 20.3 below to answer the question(s) that follow.
Table 20.3 $$\begin{array} { l c c } & \text { United States } & \text { Belgium } \\\hline \text { Raspberries } & \$ 9 & 9 \text { euros } \\\text { Chocolate } & \$ 12 & 27 \text { euros }\\\hline\end{array}$$
-Refer to Table 20.3. If the exchange rate is $1 = 3 euros, then

• A) the United States will import both raspberries and chocolate.
• B) Belgium will import both raspberries and chocolate.
• C) the United States will import chocolate and Belgium will import raspberries.
• D) the United States will import raspberries and Belgium will import chocolate.

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Definitions:

Consumer Durables

Goods that are not for immediate consumption and are able to be used over a longer period, like appliances and vehicles.

Equipment And Software

Tangible assets such as machinery and tools, and intangible assets like software, used in the operation of a business to produce goods or services.

Productive Capacity

The maximum output a company or economy can produce with its current resources, also reflecting the efficiency of production processes.

Financial Assets

Financial assets such as stocks and bonds are claims to the income generated by real assets or claims on income from the government.