Suppose That a Worker in Country a Can Make Either

question 44

Multiple Choice

Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year.Country A has 100 workers.Suppose a worker in Country B can make either 2 iPods or 10 tablets each year.Country B has 200 workers.A bundle of goods that Country A could not make would be:

• A) (500 iPods, 150 tablets).
• B) (500 iPods, 200 tablets).
• C) (500 iPods, 250 tablets).
• D) (500 iPods, 300 tablets).

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Definitions:

Cash Dividends

The distribution of profits by a corporation to its shareholders in the form of cash.

Indirect Method

A technique used in cash flow statements to adjust net income for the changes in non-cash accounts to calculate net cash from operating activities.

Operating Activities

Activities directly related to the primary operations of a business, including production, sales, and day-to-day administration.

Accounts Payable

Short-term liabilities a company owes to its suppliers or creditors, usually due within one year.