Use the Following to Answer Questions

question 119

Multiple Choice

Use the following to answer questions:
-(Figure: The Production Possibility Frontiers for Jackson and Tahoe) Use Figure: The Production Possibility Frontiers for Jackson and Tahoe.In autarky,Jackson produces and consumes 30 head of cattle and 80 kilograms of wheat,while Tahoe produces and consumes 80 head of cattle and 60 kilograms of wheat.Assume that each nation specializes completely,based on comparative advantage,and the price of 1 head of cattle equals the price of 2 kilograms of wheat.If Jackson exports 120 kilograms of wheat to Tahoe,Tahoe will export _____ head of cattle to Jackson.

• A) 120
• B) 60
• C) 240
• D) 200

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Definitions:

Cash

Liquid funds available for use in immediate transactions, held either in hand or in bank accounts.

Earnings Per Share

A measure of a company's profitability that calculates the amount of net income earned for each share of its common stock.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues, indicating financial performance over a period.

Company Sizes

A categorization or measurement of a business based on its scale, which can be determined by various metrics such as revenue, assets, or number of employees.