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Table 7-6 Production and

question 40

Multiple Choice

Table 7-6
Production and
Consumption Production
Without Trade With Trade
Table 7-6 Production and Consumption Production Without Trade With Trade Estonia and Morocco can produce both swords and belts.Table 7-6 shows the production and consumption quantities without trade,and the production numbers with trade. -Refer to Table 7-6.If the actual terms of trade are 1 belt for 1.5 swords and 70 belts are traded,how many swords will Morocco consume? A) 50 B) 95 C) 105 D) 200 Estonia and Morocco can produce both swords and belts.Table 7-6 shows the production and consumption quantities without trade,and the production numbers with trade.
-Refer to Table 7-6.If the actual terms of trade are 1 belt for 1.5 swords and 70 belts are traded,how many swords will Morocco consume?

Definitions:

Top Management

The highest level of management in an organization, responsible for overall strategy and policy-making.

Decentralization

The distribution of decision-making powers from a central authority to lower levels in an organization or across various geographic locations.

Quality Managers

Professionals responsible for monitoring and maintaining the quality of products and services in a company to meet specified standards.

Responsibility Accounting

A system of accounting in which different sections of an organization are evaluated on the basis of their financial performance and managers are held accountable for operational results.