Refer to the Information Provided in Table 19

question 64

Multiple Choice

Refer to the information provided in Table 19.1 below to answer the questions that follow.
Table 19.1

-Refer to Table 19.1.Before specialization,Mexico produces 120 bushels of oranges and 80 bushels of bananas,and Guatemala produces 40 bushels of oranges and 20 bushels of bananas.After specialization,the increase in orange production is

• A)10 bushels of oranges.
• B)20 bushels of oranges.
• C)25 bushels of oranges.
• D)40 bushels of oranges.

---

Definitions:

RRSP

A Registered Retirement Savings Plan, a Canadian investment account for holding savings and investment assets, with certain tax advantages.

Compounded Annually

Interest calculated once a year on the initial principal and the accumulated interest of previous periods of a deposit or loan.

Deferred Annuity

An insurance product that delays income payments until the investor elects to receive them, which can be many years after the initial investment.

Ordinary Annuity

A series of equal payments made at regular intervals, with the interest compounded at the end of each period.