Production of Sugar from Sugar Beets,as an Alternative to Trading

question 96

Multiple Choice

Production of sugar from sugar beets,as an alternative to trading for sugar made from sugar cane in a foreign,tropical country is an example of

• A) import substitution.
• B) comparative advantage.
• C) spatial justice.
• D) division of labour.
• E) the law of diminishing returns.

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Definitions:

Floral Deliveries

The service of transporting flowers or floral arrangements to specified locations, often as part of a floristry business.

Units-Of-Activity

A depreciation method where the useful life of an asset is based on the number of units it produces or the hours it operates, rather than time.

Salvage Value

Predicted value upon resale of an asset at the end of its practical life.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life.