Refer to the Following Table When Answering -Consider Table 19

question 25

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 West, with autarky, total fish production is ________ and per person fish consumption is ________, assuming people spend half their income on each good.

• A) 22,500 kilos; 75 kilos
• B) 10,000 kilos; 5,000 kilos
• C) 10,000 kilos; 100 kilos
• D) 5,000 kilos; 2,250 kilos
• E) Not enough information is given.

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Definitions:

Scenario Analysis

A process of analyzing possible future events by considering alternative possible outcomes or scenarios.

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Strategic planning involves determining the course an organization will take and deciding how to allocate resources, such as money and personnel, to follow that path.

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the process of making predictions about future events based on historical and current data.

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A financial arrangement designed to replace employment income upon retirement, often offering tax benefits.