Table 1 Shows the Units of Output a Worker Can

question 2

Multiple Choice

Table 1 shows the units of output a worker can produce per month in Australia and Korea. ?
$\begin{array}{|l|l|l|}\hline & \text { Food } & \text { Electronics } \\\hline \text { Australia } & 20 & 5 \\\hline \text { Korea } & 8 & 2 \\\hline\end{array}$
Refer to table 1. Korea should

• A) specialize in electronics production, export electronics, and import food.
• B) produce neither good because it has an absolute disadvantage in the production of both goods.
• C) produce both goods because neither country has a comparative advantage.
• D) specialize in food production, export food, and import electronics

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Definitions:

Designated Beneficiary

A person named in a legal document who is authorized to receive benefits or assets upon the death of the owner or holder of the document.

Specific Sum

A precise amount of money defined and agreed upon in a contractual or legal context.

Contractors' Liability Insurance

Insurance coverage that protects contractors against claims arising from injuries or damages to other people or property during the construction process.

Injuries

Harm or damage incurred or suffered by a person’s body, property, rights, or reputation, typically due to someone else’s negligence or unlawful action.