Use the Following to Answer Questions

question 55

Multiple Choice

Use the following to answer questions:
-(Table: Production Possibilities for Machinery and Petroleum) Look at the table Production Possibilities for Machinery and Petroleum. The opportunity cost in Mexico of producing 105 units of petroleum is _____ units of machinery.

• A)35
• B)70
• C)90
• D)160

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Definitions:

Insurance Companies

Financial institutions that provide coverage, compensating financial losses during accidents, property damage, or other liabilities.

Discount Rate

The interest rate charged by central banks on loans to commercial banks or financial institutions, influencing monetary policy and economic activity.

Short-term Loans

Loans that are intended to be paid back within a short duration, typically less than a year, often used for immediate cash flow needs.

National Association of Securities Dealers (NASD)

A self-regulatory organization for the securities industry responsible for the operation and regulation of the NASDAQ stock market and over-the-counter markets.