Refer to the information provided in Table 33.2 below to answer the question(s) that follow.
Table 33.2
-Refer to Table 33.2. The most that China will be willing to pay for a motorcycle is
A) 1/30 of a tractor.
B) 1/20 of a tractor.
C) 1/10 of a tractor.
D) 1/5 of a tractor.

Question

Refer to the information provided in Table 33.2 below to answer the question(s) that follow.
Table 33.2 
-Refer to Table 33.2. The most that China will be willing to pay for a motorcycle is
A) 1/30 of a tractor. 
B) 1/20 of a tractor. 
C) 1/10 of a tractor. 
D) 1/5 of a tractor.

Quizplus · Accepted Answer

In Table 33.2, the exchange rate between motorcycles and tractors in China is 10 motorcycles to 1 tractor. Therefore, the most that China will be willing to pay for a motorcycle is 1/10 of a tractor, which corresponds to option C.

Refer to the Information Provided in Table 33