Table 13 Shows the Hypothetical Trade-Off Between Different Combinations of Brushes

question 79

Multiple Choice

Table 1.3 shows the hypothetical trade-off between different combinations of brushes and combs that might be produced in a year with the limited capacity for Country X, ceteris paribus.Complete the table by calculating the required opportunity costs for brushes and combs.
$\begin{array}{|c|c|c|c|c|c|}\hline & \begin{array}{c}\text { Number } \\\text { of } \\\text { Combination }\end{array} & \begin{array}{c}\text { Opportunity Cost } \\\text { of Brushes in } \\\text { Terms } \\\text { of Combs }\end{array} & \begin{array}{c}\text { Number } \\\text { of Combs }\end{array} & \begin{array}{c}\text { Opportunity Cost } \\\text { of Combs in Terms } \\\text { of Brushes }\end{array} \\\hline \mathrm{J} & 0 & & 4 & \\\hline \mathrm{K} & 10 & & 3 & \\\hline \mathrm{L} & 17 & & 2 & \\\hline \mathrm{M} & 21 & & 1 & \\\hline \mathrm{N} & 23 & & 0 & \\\hline\end{array}$
Table $1.3$
Production Possibilities for Brushes and Combs On the basis of your calculations in Table 1.3, what is gained from producing at point L rather than point K?

• A) 17 combs.
• B) 10 combs.
• C) 1 brush.
• D) 7 brushes.

Analyze the benefits and drawbacks of immigration for business owners in both immigrant-sending and receiving countries.

Identify optimal strategies for managing the net benefits of immigration from an economic perspective.

Distinguish between the effects of immigration on native-born workers in terms of complementary and substitute resources.

Comprehend the role of wage gaps, migration costs, and labor demand elasticity in immigration dynamics.

---

Definitions:

IFRS 16

An International Financial Reporting Standard that provides guidance on accounting for leases, requiring lessees to recognize assets and liabilities for most leases.

Lease Receipts

Payments received by a lessor from a lessee for the use of an asset during the lease term.

Undiscounted Lease Payments

Lease payments made over the lease term without reducing them for interest or present value factors.