Examlex

Solved

The Data in the Table Below Assumes That with the Same

question 105

Multiple Choice

The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers.Australia can make 1, 000 computers or 2, 000 units of food in a day, and the Philippines can make 200 computers or 1, 200 units of food in a day. Table 20.2 The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers.Australia can make 1, 000 computers or 2, 000 units of food in a day, and the Philippines can make 200 computers or 1, 200 units of food in a day. Table 20.2   According to Table 20.2, what is the opportunity cost of 1 unit of food in Australia? A) Half a unit of computer B) 6 computers C) 2 computers D) One-sixth of a unit of computers E) 1 computer According to Table 20.2, what is the opportunity cost of 1 unit of food in Australia?


Definitions:

Executive Summary

A concise summary of a business document or report, highlighting its key points, conclusions, and recommendations.

Indirect Approach

A communication or problem-solving strategy that avoids direct confrontation or explicit statement, often utilizing suggestion or implication.

Transitions

Changes or movements from one state or condition to another, often used in writing or speech to connect ideas smoothly.

Cause and Effect

A relationship where one event (the cause) leads to or results in another event (the effect).

Related Questions