Table 34-4 Table 34-4 Presents the Demand and Supply Schedules for Schedules

question 76

Multiple Choice

Table 34-4
Table 34-4 presents the demand and supply schedules for television sets in Japan and the United States. If Japan and the United States trade with each other, which country will export television sets and how many?

• A) Japan will export 20,000 television sets to the United States.
• B) Japan will export 30,000 television sets to the United States.
• C) The United States will export 20,000 television sets to Japan.
• D) The United States will export 40,000 television sets to Japan.

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Definitions:

Dividends

Monies disbursed by a business to its owners, often coming from the profit the company makes.

Costs

The monetary valuation of effort, material, resources, time, and opportunity foregone in production and delivery of a good or service.

Retention Ratio

The proportion of a company's net income that is retained rather than paid out as dividends, indicating reinvestment back into the company.

Return on Assets

A financial ratio that indicates how profitable a company is relative to its total assets.