Table 3-12 ​

question 81

Multiple Choice

Table 3-12
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Assume that Indonesia and India can switch between producing maize and bananas at a constant rate.
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-Refer to Table 3-12. India's opportunity cost of producing bananas is

• A)0.5 units of maize.This is lower than Indonesia's opportunity cost of producing bananas.
• B)2.5 units of maize.This is higher than Indonesia's opportunity cost of producing bananas.
• C)2/5 units of maize.This is lower than Indonesia's opportunity cost of producing bananas.
• D)0.5 units of maize.This is higher than Indonesia's opportunity cost of producing bananas.

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Definitions:

Marketing Research

The process of gathering, analyzing, and interpreting information about a market, including potential customers and competitors.

Trend Extrapolation

The analytical process of projecting the future direction of a trend based on historical data and patterns.

Past Data

Refers to historical information or records that have been collected and archived, which can be used for analyzing trends, making predictions, or understanding historical contexts.

Future

A period of time that has not yet happened but will come after the present.