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The table below shows the tons of steel and concrete that can be produced by the United States and France in an hour

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1. The table below shows the tons of steel and concrete that can be produced by the United States and France in an hour. From the data in the table, you conclude: U.S. production possibilities 25 100 France's production possibilities 100 200 Steel Concrete A the United States has a comparative advantage in the production of concrete B. the United States has an absolute advantage in the production of concrete C. France has a comparative advantage in the production of both goods D. France has a comparative advantage in the production of concrete

2. Practice Problems: 1.) Determine the effective annual rate of interest corresponding to 18% compounded quarterly? 2.) A car was bought on the instalment basis with monthly instalment of P10,000 for 5 years. If interest rate is 12% compounded annually, calculate the cash price of the car. 3.) How many yearly withdrawals of P10,000 can be made from P14400 investment at 25% compounded annually? 4.) The purchase amount of an equipment amounting to P100,000 has been made available through a loan which earns 12% per annum. It has been agreed that the loan be payable in 10 equal payments. How much then is the yearly due?