The correct answer is A. Country chooses to produce bananas instead of wheat.
Opportunity cost is termed as value of choice. It is the important concept in economics and also the relationship which is between choice and scarcity.
A good example of opportunity cost is you can spend money and time on other things but you can not spend time reading books or the money in doing something which can help.
Opportunity takes important part in economic theory.
The conclusion which can be drawn with respect to the nature of an exchange-rate table in December 2013 is that: B. It would look different because exchange rate tables change constantly.
An exchange rate can be defined as a number that is used to denote or represent the financial value of a currency in comparison with another currency.
On a related note, the foreign exchange market is a market that is used for converting the currency of a particular country into the currency of another country. For example, the dollars (United States of America) can be converted into naira (Nigeria) in the foreign exchange market.
In the foreign exchange market, the exchange rate for various countries are typically shown or displayed by using the exchange-rate table, which changes constantly depending on the following factors:
- Gross Domestic Product (GDP)
In conclusion, the conclusion which can be drawn with respect to the nature of an exchange-rate table in December 2013 is that, it would look different because exchange rate tables change constantly.
Read more on exchange rate here: brainly.com/question/11160294
Answer:
What is the real meaning of this questions
Answer:
B
Explanation:
Because a college events will show how much education you have had