Which Is True of Portugal in the Table

question 69

Multiple Choice

Which is true of Portugal in the table?

• A)Portugal has an absolute advantage over England in both cloth and wine.
• B)England's opportunity cost for producing wine is lower than Portugal's.
• C)Portugal can produce more wine than England.
• D)Neither country has a comparative advantage in the production of cloth.

Compute the interest earned or paid over a specific period given changing rates and principal amounts.

Evaluate investment options by comparing simple interest rates and potential returns.

Apply the concept of discounted cash flow to ascertain the present value of future payments.

Understand the calculation of return on investment (ROI) in short-term financial instruments.

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Definitions:

Macroeconomic Goals

Objectives pursued within an economy at a large scale, focusing on growth, stability, and equitable distribution of income.

Private Goods

Goods that are excludable and rivalrous, meaning their consumption by one individual prevents others from consuming them.

Primary Education

The first stage of formal education, typically involving children from ages 5 to 11.

Federal Government

The national government of a country, which holds the primary authority over its states or provinces and is responsible for national policies and governance.