TABLE 1.1 Use the Information in the Table to Answer the Following

question 4

Multiple Choice

TABLE 1.1
Use the information in the table to answer the following question(s) .

-Refer to Table 1.1. If each country specializes in their production with Austria producing only digital cameras and Russia producing only snowboards, at a trading rate of three snowboards per digital camera, how many cameras and snowboards will be available to be consumed in Russia if they trade 9,000 snowboards to Austria?

• A) 9,000 snowboards and 5,000 digital cameras
• B) 3,000 snowboards and 9,000 digital cameras
• C) 3,000 snowboards and 3,000 digital cameras
• D) There is not enough information to answer this question.

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Definitions:

Withdrawals Account

An account used to record the amounts taken out of a business by its owner(s) for personal use.

Capital Balance

The amount of money invested in a company by its owners or shareholders, represented in the equity section of the balance sheet.

Accounting Period

The span of time at the end of which a company's financial performance is measured and reported.

Investments

Assets purchased with the aim of generating income or appreciation, such as stocks, bonds, or real estate.