Table 3-4 -Refer to Table 3-4

question 138

Multiple Choice

Table 3-4
$\begin{array}{|l|c|c|c|c|}\hline&\text { Labour hours needed to make one unit of: }&&\text { Amount Produced in } 40 \text { hours: }\\\hline & \text { Cheese } & \text { Bread } & \text { Cheese } & \text { Bread } \\\hline \text { England } & 3 & 2 & 13.3 & 20 \\\hline \text { Spain } & 1 & 5 & 40 & 8 \\\hline\end{array}$
-Refer to Table 3-4.If England and Spain trade according to the principle of comparative advantage, England will export which product to Spain:

• A)bread
• B)cheese
• C)both cheese and bread
• D)England cannot benefit from trade with Spain

Understand the social and psychological risks associated with adolescent development.

Identify the moral development stages in adolescence.

Understand the distinct roles and powers of administrative agencies.

Identify the historical development and the first instances of federal administrative agencies.

---

Definitions:

Eliminated

Removed or taken away, often used in the context of erasing a component or aspect in various fields such as finance, science, or competition.

Book Value

The net value of a company's assets as recorded on the balance sheet, minus its liabilities and the par value of any outstanding shares.

Opportunity Cost

Opportunity cost is the value of the next best alternative foregone as the result of making a decision.

Variable Costs

Payments that are contingent on the amount of production or the scope of sales, covering expenditures like materials and labor.