The Data in the Table Below Assumes That with the Same

question 17

Multiple Choice

The data in the table below assumes that with the same quantity of resources,both Australia and Philippines produces food and computers.Australia can make 1,000 computers or 2,000 units of food in a day,and the Philippines can make 200 computers or 1,200 units of food in a day. Table 20.2
- According to Table 20.2,Australia has an:

• A)absolute advantage in the production of only food.
• B)absolute advantage in the production of both food and computers.
• C)absolute disadvantage in the production of both food and computers.
• D)absolute advantage in the production of only computers.
• E)absolute disadvantage in the production of food.

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Definitions:

Return on Total Assets

A financial ratio indicating the profitability of a company relative to its total assets, showing how efficiently assets are used to generate profit.

Ending Balance

The amount of money remaining in an account at the end of an accounting period, after all transactions have been accounted for.

Average Balance

The average balance is a calculation to determine the average amount in an account over a specific time period, often used to assess account fees or for financial requirements.

Earnings Per Share

Earnings per share (EPS) is a financial metric that indicates the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of the company's profitability.