Table 3-2 -According to Table 3-2:
A)Lee and John Both Could Benefit

question 11

Multiple Choice

Table 3-2
$\begin{array}{|c|c|c|c|c|}\hline&\text { Labour hours needed to produce one unit of: }&&\text { Amount produced in } 60 \text { hours: }\\\hline & \text { Butter (kg) } & \text { Butter (kg } & \text { Rice (kg) } & \text { Rice (kg) } \\\hline \text { Lee } & 6 & 10 & 15 & 4 \\\hline \text { John } & 3 & 20 & 15 & 4\\\hline\end{array}$
-According to Table 3-2:

• A)Lee and John both could benefit by Lee specialising in butter, and John specialising in rice
• B)Lee and John both could benefit by Lee specialising in butter, and John specialising in butter
• C)Lee and John both could benefit by Lee specialising in rice, and John specialising in butter
• D)Lee and John both could benefit by Lee specialising in rice, and John specialising in rice

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Definitions:

Money Supply

The sum of financial resources present within an economy at any given moment.

Economic Conditions

The state of the economy at a given time, including factors such as GDP, unemployment rates, and inflation.

Income Velocity of Money

A measure of how quickly money in circulation is used for purchasing goods and services, calculated as the ratio of nominal GDP to a country's total money supply.

Non-interventionists

Advocates or policies favoring minimal political or military involvement by a country in international affairs.