Suppose That a Worker in Country a Can Produce Either

question 16

Multiple Choice

Suppose that a worker in Country A can produce either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can produce either 18 bananas or 6 tomatoes each year. Country B has 400 workers. For a worker in Country B, the trade-off to producing one tomato is:

• A) 2 bananas.
• B) 3 bananas.
• C) 4 bananas.
• D) 5 bananas.

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Definitions:

Journal Entry

Definition: A record in accounting that represents a transaction and its effect on various accounts in the double-entry bookkeeping system.

Supplies

Raw materials or tools necessary for the manufacturing or provision of services.

Services Rendered

Refers to the performance of services or completion of tasks by a company or individual in exchange for payment.

Journal Entry

A record in accounting that represents a transaction and its effect on various accounts, consisting of debits and credits.