-The Above Table Shows the Number of Pencils or Pens

question 36

Multiple Choice

-The above table shows the number of pencils or pens that could be produced by Don and Bob in an hour. This schedule shows that

• A) Don has an absolute advantage in the production of pencils, and Bob has an absolute advantage in the production of pens.
• B) Bob has an absolute advantage in the production of pencils, and Don has an absolute advantage in the production of pens.
• C) Don has a comparative advantage in the production of both pencils and pens.
• D) Bob has a comparative advantage in the production of pencils.

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Definitions:

Labour Markets

The supply and demand dynamics for labor, where employers seek to hire workers and workers look for employment.

Federal Government

The national government of a country, responsible for governing the entire nation and making decisions on federal matters.

Compensation Strategy

An organization’s approach to determining how to reward employees, incorporating elements such as pay levels, benefits, incentives, and performance evaluations.

Affordability

The degree to which something is financially viable or within one's financial means, often used in reference to budgeting and financial planning.