The Table Below Shows the Quantities of Rice and Wheat

question 101

Multiple Choice

The table below shows the quantities of rice and wheat that two countries can produce in a year if they specialize in the production of each good.

-Refer to the table above.The opportunity cost of producing 1 ton of rice in Country Y is ________.

• A) 0.56 tons of wheat
• B) 1.8 tons of wheat
• C) 2 tons of wheat
• D) 18 tons of wheat

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Definitions:

Four-Year Annuity

A financial product that provides a series of equal payments over a period of four years to the holder.

Annual Payments

Recurring payments made once a year, often related to loans, leases, or other financial obligations.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.

Bond's Principal

The face value of a bond, or the amount that the bond issuer agrees to repay the bondholder at the bond's maturity date.