Table 351
Full-Employment Output of Goods Based on the Information in Sovbeans

question 26

Multiple Choice

$\begin{array}{|c|c|c|}\hline \text { Country } & \text { Tons of Sovbeans } & \text { Computers } \\\hline \text { China } & 100 & 300 \\\hline \text { United States } & 150 & 750 \\\hline\end{array}$
Table 35.1
Full-Employment Output of Goods Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods.The output of computers and soybeans would be greatest if

• A) China specialized in producing soybeans, and the United States specialized in producing computers.
• B) Both countries prohibited trade.
• C) China specialized in producing computers, while the United States specialized in producing soybeans.
• D) The United States produced both goods and exported them to China.

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Definitions:

Budgeted Production

The planned level of production output, defined through the budgeting process for a specific period, aiming to meet forecasted demand.

Raw Materials

The initial inputs or primary components used in manufacturing processes to create finished goods.

Production Needs

The specific requirements or quantities of products or materials a company needs to produce within a certain timeframe.

Direct Labor-Hours

A measure of the time workers spend directly manufacturing a product or performing services, used in costing and productivity analysis.