In a Trade with the Government of an Oil-Producing Nation

question 44

Multiple Choice

In a trade with the government of an oil-producing nation, a manufacturer will deliver 14 Caterpillar D9 tractors, with a value of $350 000 per tractor, and receive 45 000 barrels of oil, valued at $115 per barrel. What is the net benefit of this trade to the manufacturer?

• A)$275 000
• B)$4 900 000
• C)$1 750 000
• D)$158 000

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