Suppose That a Worker in Country a Can Make Either

question 133

Multiple Choice

Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year. Country B has 400 workers. What are two possible consumption bundles that Country A could produce?

• A) (5,000 bananas, 1,000 tomatoes) and (1,000 bananas, 5,000 tomatoes)
• B) (5,000 bananas, 0 tomatoes) and (2,500 bananas, 500 tomatoes)
• C) (2,500 bananas, 500 tomatoes) and (1,250 bananas, 800 tomatoes)
• D) (2,500 bananas, 750 tomatoes) and (1,250 bananas, 750 tomatoes)

Understand the process and significance of preparing financial statements from journal and ledger entries.

Differentiate between the roles of various accounts in the financial statements.

Understand the reasons a trial balance may still contain errors despite balancing.

Recognize the process and significance of posting journal entries to accounts.

---

Definitions:

Self-consciousness

The awareness of oneself as an individual, especially the consciousness of one's own thoughts, feelings, and identity.

Counterargument

An argument offered in opposition to another argument, typically used to weaken or refute an original claim.

Indeterminists

Indeterminists believe in the principle that not all events, including certain human actions, are necessarily determined by previously existing causes.

Free Choice

The ability to choose between different possible courses of action unimpeded by external constraints or coercion.