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

question 89

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.For trade to be mutually beneficial for both countries, the terms of trade will be such that 1 computer will exchange for

• A) More than 3 tons of soybeans but less than 5.
• B) More than 1/5 of a ton of soybeans but less than 1/3.
• C) Less than 1/5 of a ton of soybeans.
• D) Zero soybeans.

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Definitions:

Consumerism

The theory that an increasing consumption of goods is economically desirable and that an individual's happiness and well-being are strongly dependent on the acquisition of consumer goods.

Postmodern Society

A phase of society characterized by skepticism towards grand narratives and ideologies, embracing pluralism, diversity, and a questioning of universal truths.

Work Clock

A device or system for measuring and recording the hours worked by an employee, or metaphorically, the cultural or personal expectations regarding work hours and effort.

German Term

A word or phrase that is in the German language.