Refer to the Following Table When Answering -Consider Table 19

question 32

Multiple Choice

Refer to the following table when answering
Table 19.1: East and West Fish and Chip Production
$$\begin{array} { l | l l } & \text { West } & \text { East } \\\hline \text { Labor Force } & 100 & 400 \\\text { Fish Production per Person } & 200 \text { kilos } & 60 \text { kilos } \\\text { Chip Production per Person } & 100 \text { kilos } & 20 \text { kilos } \\\hline\end{array}$$
-Consider Table 19.1. In the East, with autarky, per person consumption of fish is ________ and per person chip consumption is ________, assuming people spend half their incomes on each good.

• A) 10 kilos; 30 kilos
• B) 100 kilos; 50 kilos
• C) 12,000 kilos; 4,000 kilos
• D) 30 kilos; 10 kilos
• E) Not enough information is given.

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Definitions:

Interest

The fee paid for borrowing money, typically expressed as an annual percentage of the principal.

Relinquished

Refers to the act of giving up or surrendering a right, possession, or claim.

Capital Account Balance

The amount recorded in a company's equity section of the balance sheet that represents the total capital from owners or shareholders.

Partnership Profits

Partnership profits refer to the net earnings generated from the operations of a partnership, which are shared among partners according to their partnership agreement.