Use the Following to Answer Questions

question 138

Multiple Choice

Use the following to answer questions :
-(Table: Comparative Advantage I) Look at the table Comparative Advantage I. The opportunity cost of producing 1 box of cell phones for Sweden is _____ box(es) of herring.

• A)10
• B)0.2
• C)5
• D)0.1

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Definitions:

State

An organized political community under one government; a nation or territory.

Promoters

Individuals or companies that undertake the preliminary activities of organizing or setting up a new business or venture.

Preincorporation Contract

An agreement made by the promoters of a company before it is legally incorporated.

Liable

Having legal responsibility or obligation.