Assume That the Opportunity Cost of Producing Wheat Is Lower

question 52

Multiple Choice

Assume that the opportunity cost of producing wheat is lower in Australia compared with Malaysia. Further assume that the opportunity cost of producing cars is higher in Australia compared with Malaysia. Which country should specialise in producing wheat?

• A) Australia and Malaysia.
• B) Australia.
• C) Malaysia.
• D) Both countries have to specialise in producing cars.

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Definitions:

Relational

Pertaining to databases in which data is organically structured in table form, emphasizing relations between different entities and variables.

Referential Integrity

In a relational database, a condition where, for each value in the foreign key table, there’s a corresponding value in the primary key table.

Foreign Key

In a relational database, the common field between tables that’s not the primary key.

Primary Key

A unique identifier for each record in a database table, used to ensure data integrity.