The Following Table Shows the Units of Calculators and Rice

question 7

Multiple Choice

The following table shows the units of calculators and rice produced by a laborer in a day in Japan and Korea.Table 20.3

-The limits of the terms of trade are determined by the:

• A)distribution costs in each country.
• B)stock of foreign exchange in each country.
• C)average total costs of producing the commodities in each country.
• D)opportunity costs in each country.
• E)currency exchange rate between the trading partners.

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Definitions:

Distilling

The process of purifying a liquid by heating and cooling, or the extraction of the essential meaning or most important aspects of something.

Paragraph

A distinct section of writing that typically deals with a single theme and begins on a new line.

Distilling

The process of purifying a liquid by heating and cooling, or extracting the essential meaning or most important aspects of something.

Conclusion

The final part of something, typically a process or an argument, where the outcome or decision is reached.