-Use the Above Table

question 197

Multiple Choice

-Use the above table. Assuming constant opportunity costs, the opportunity cost of producing coffee in country Alpha is ________, and the opportunity cost of producing coffee in country Beta is ________.

• A)0.33 ton of cookies; 2 tons of cookies
• B)3 tons of cookies; 0.5 ton of cookies
• C)0.375 ton of coffee; 2.25 tons of cookies
• D)2.67 tons of cookies; 0.44 ton of coffee

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Definitions:

Independent Appraisal

The process of determining the value of an asset, property, or company by a professional appraiser who is not influenced by any party involved in the transaction.

Retires

The process of removing an asset from the company’s balance sheet because it has been disposed of or is no longer in use.

Capital Account Balance

Capital Account Balance is the net result of public and private international investments flowing in and out of a country, but it also refers to an individual's or company's financial statement showing the equity ownership and contributed capital.

Withdrawal

Withdrawal refers to the act of taking money out of a financial account, or the removal of participation or investment in a venture or agreement.