Use the Following to Answer Questions: Table: Production Possibilities for Kenya

question 160

Multiple Choice

Use the following to answer questions: Table: Production Possibilities for Kenya and Sri Lanka $$\begin{array} { l c c } \hline & \text { Beans (millions of tons) } & \text { Tea (millions of tons) } \\\hline \text { Kenya } & 100 & 200 \\\text { Sri Lanka } & 150 & 450 \\\hline\end{array}$$
-(Table: Production Possibilities for Kenya and Sri Lanka) According to the table on production possibilities for Kenya and Sri Lanka, Kenya's opportunity cost of producing beans is ________, while Sri Lanka's opportunity cost of producing beans is _________.

• A) 0.5 teas; 0.33 teas
• B) two teas; 0.33 teas
• C) 200 teas; 450 teas
• D) two teas; three teas

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Definitions:

Accord and Satisfaction

A legal settlement where a debtor offers something of value to a creditor, and the creditor accepts it as full repayment of the debt.

Different Performance

Fulfillment of a contractual obligation in a manner that varies from the originally agreed-upon terms yet still satisfies the contract's essential requirements.

Restitution

The return of any property given up under a contract.

Rescission

Rescission is the legal act of canceling, terminating, or voiding a contract, thereby returning all parties involved to their pre-contractual positions.