Suppose That a Worker in Radioland Can Produce Either 4

question 103

Multiple Choice

Suppose that a worker in Radioland can produce either 4 radios or 1 television per year and a worker in Teeveeland can produce either 2 radios or 5 televisions per year.Each nation has 100 workers,and each country specializes according to the principle of comparative advantage.If Radioland trades 100 televisions to Teeveeland in exchange for 100 radios each year,then each country's maximum consumption of new radios and televisions per year will be

• A)higher than it would be in the absence of trade because of the gains from trade.
• B)the same as it would be in the absence of trade.
• C)less than it would be in the absence of trade because neither country is specializing in the product in which it has a comparative advantage.
• D)less than it would be in the absence of trade because Teeveeland has an absolute advantage in both goods and so it cannot benefit by trading with Radioland.

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Definitions:

Coder

A professional responsible for converting medical diagnoses, treatments, procedures, and symptoms into codes using classification systems such as ICD-10-CM, HCPCS Level II, and CPT for billing and documentation purposes.

POA Assignments

The designation of whether a condition was present at the time of admission, used in healthcare documentation to indicate the onset of a diagnosis.

Codes

Systems of symbols or sequences used to represent information for various purposes, including data compression, cryptography, and identification.

MCC

Commonly refers to Merkel Cell Carcinoma, a rare and aggressive form of skin cancer, or can stand for Major Complications and Comorbidities in medical billing and coding.