In a single year, argentina can raise 100 tons of beef or produce 1,000 boxes of tulips. in the same growing season, venezuela can raise 50 tons of beef or produce 750 boxes of tulips. when the two countries begin trading beef for tulips, we expect the price of beef in venezuela

a. to remain at the autarky price. b. to be 10 boxes of tulips. c. to fall. d. to rise.

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains. the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available. two-thirds of the work related to $15,000 of cash received in advance was performed this period. the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired. wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)