Production Possibility Schedules for Two South Pacific Island Nations A Comparative Advantage in the Production of Mangoes Is Held

question 15

Multiple Choice

Production Possibility Schedules for Two South Pacific Island Nations $$\begin{array} { c } { \text { Kiribati } } \quad\quad\quad\quad\quad\quad\quad{ \text { Tuvalu } } \\\begin{array} { | c | c | c | c | } \hline \text { Mangues } & \text { Cocanuts } & \text { Mangues } & \text { Cacanuts } \\\hline 300 & 0 & 1,200 & 0 \\\hline 200 & 400 & 800 & 1,200 \\\hline 100 & 800 & 400 & 2,400 \\\hline 0 & 1,200 & 0 & 3,600 \\\hline\end{array}\end{array}$$ A comparative advantage in the production of mangoes is held by:

• A)Kiribati.
• B)Tuvalu.
• C)both countries.
• D)neither country.

Understand the conditions under which a tax might not reduce consumption of a good.

Appreciate the role of government in regulating consumption through taxation.

Understand the concept of apparent movement and its application.

Recognize the various cues for depth perception.

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Definitions:

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A method of connecting Programmable Logic Controllers for automation and industrial control systems.

Geometric Average Return

The average compound return earned per year over a multi-year period.

Dividends

Payments made by a corporation to its shareholder members, representing a portion of the corporate profits.