Table 2.8 Table 2.8 Shows the Number of Labour Hours Required to of Labour

question 122

Multiple Choice

Table 2.8

Table 2.8 shows the number of labour hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2.8. Ireland has a comparative advantage in the production of:

• A)both products.
• B)guitars.
• C)motorcycles.
• D)neither product.

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Postdated Check

A check written with a future date, which cannot be cashed or deposited until that date.

Insufficient Funds

A situation where an account does not have enough money to cover transactions, resulting in a bounced check or declined payment.

Rental Contract

A legal agreement between a landlord and a tenant outlining terms, conditions, and duration of tenancy for a rental property.

Bad Check

A check that cannot be processed because the account on which it is drawn lacks sufficient funds.