This Table Shows How Much Cotton and Cocoa Can Be

question 84

Multiple Choice

This table shows how much cotton and cocoa can be produced in Peru and Brazil with one unit of equivalent resources.
TABLE 32-4
-Refer to Table 32-4.For trade to be advantageous to both Peru and Brazil,the number of bushels of cocoa beans that must be traded for a bale of cotton is

• A)less than 2.
• B)2.
• C)more than 2,but less than 6.
• D)6.
• E)more than 6.

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Definitions:

Unauthorized Signatures

Signatures made without the express permission or authority of the individual or entity purported to have signed, often leading to legal disputes.

Agency Authority

The legal capacity granted to an agent to act on behalf of someone else, allowing them to enter into contracts and make decisions.

Forgeries

The fraudulent making or alteration of a document with the intent to deceive or harm.

Acceptance

Within the realm of contract law, the process by which one accepts the conditions of a proposal, thus forming a legally binding agreement.