Suppose That a Worker in Radioland Can Produce Either 4

question 45

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 4 televisions per year.Each nation has 100 workers.Also suppose that each country completely specializes in producing the good in which it has a comparative advantage.If Radioland trades 100 radios to Teeveeland in exchange for 100 televisions each year,then each country's maximum consumption of new radios and televisions per year will be

• A)100 radios,300 televisions in Radioland and 300 radios,100 televisions in Teeveeland.
• B)300 radios,100 televisions in Radioland and 100 radios,300 televisions in Teeveeland.
• C)200 radios,100 televisions in Radioland and 100 radios,200 televisions in Teeveeland.
• D)300 radios,100 televisions in Radioland and 100 radios,400 televisions in Teeveeland.

Understand the social changes and movements in the 1970s among women, Hispanic Americans, Native Americans, African Americans, and the LGBTQ+ community.

Analyze the domestic and foreign policy challenges faced by the Nixon administration and the strategies employed to address them.

Explore the evolution of environmentalism and the achievements of the environmental movement between 1968-1980.

Examine the political strategies of Richard Nixon and the resultant changes in American political landscape.

---

Definitions:

Perpetual Inventory System

An accounting technique that instantly records the sale or purchase of inventory using computerized point-of-sale systems and enterprise asset management software.

FIFO

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones to be sold.

Ending Inventory

The worth of items ready for sale at the conclusion of an accounting cycle, determined by adding the initial inventory to acquisitions and subtracting the cost of goods sold.

Perpetual Inventory System

A financial recording approach that instantly logs inventory transactions upon sale or purchase using electronic point-of-sale systems and enterprise resource planning software.