All of the Following Statements Are True EXCEPT

question 25

Multiple Choice

All of the following statements are true EXCEPT:

• A)Drills sized by number commonly range from 80 (0.0135") to 1, which is 0.228" (almost 1/4").
• B)The most widely used number-sized drills usually are numbers 1 to 60 (0.040").
• C)Commonly used metric drills range from 0.20 mm to 21.00 mm in size.
• D)A micrometer or a special drill gauge with holes of the specified size can also be used to determine the size of a drill bit.

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Definitions:

Opportunity Cost

The value of the best alternative that is forgone in making any choice or decision.

Terms of Trade

The ratio between a country's export prices and its import prices, indicating the quantity of imports goods a country can purchase through the sale of its exports.

Supply and Demand

Fundamental economic model describing how prices vary as a result of a balance between product availability and consumers' purchasing desires.

Opportunity Cost

The financial loss associated with rejecting the subsequent preferable choice when deciding or selecting amongst various options.