The Following Information Relates to Moderate Ltd

question 8

Multiple Choice

The following information relates to Moderate Ltd:

What were the purchases for the period?

• A) $135 000
• B) $186 000
• C) $234 000
• D) $240 000

---

Definitions:

Exports

Goods and services sold to other countries.

World Production

The total output of goods and services produced by all countries around the globe.

Autarky

A situation in which a country does not trade with other countries.

Comparative Advantage

The advantage conferred on an individual or country in producing a good or service if the opportunity cost of producing the good or service is lower for that individual or country than for other producers.