Tastes for Products Such as Beer Differ

question 48

Multiple Choice

Tastes for products such as beer differ.As a result

• A)we see countries specialising completely in the production of beer.
• B)consumers of beer have difficulty deciding what type of imported beer to buy.
• C)the quality of imported beer is less than it could be.
• D)different countries may each have a comparative advantage in producing different types of beer.

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Definitions:

Percentage

A way of expressing a number as a fraction of 100, denoted by the symbol %.

Rate

A specified measure or quantity considered in relation to another quantity or measure, often used in financial contexts to describe interest or growth rates.

Proportion

A part, share, or number considered in comparative relation to a whole.

Vertical Analysis

A financial analysis method that expresses each item in a financial statement as a percentage of a base figure, facilitating comparison across companies or periods.