Suppose That in Colombia One Unit of Labor Can Produce

question 91

Multiple Choice

Suppose that in Colombia one unit of labor can produce 8 tons of papayas or 2 tons of bananas. In Brazil, one unit of labor can produce either 4 tons of papayas or 1 ton of bananas. Given this information, which of the following statements is true?

• A) Columbia has a comparative advantage in producing papayas but not bananas.
• B) Columbia has a comparative advantage in producing papayas and bananas.
• C) These countries would increase combined consumption if they specialized and traded.
• D) These countries cannot gain from trading.

Recognize the contributions of key theorists to the field of intelligence, including Binet, Wechsler, and Terman.

Understand the concept of IQ and how it is calculated.

Identify factors that contribute to success in life beyond IQ scores.

Understand the difference between achievement and aptitude tests.

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Definitions:

Counterargument Role

A role or approach in discussions or debates where an individual actively develops and presents arguments against a prevailing view or proposition, to test its validity.

Task-Oriented Conflicts

Conflicts arising from differences in opinions or approaches towards accomplishing a specific task or goal.

Escalation Of Commitment

A decision-making process where individuals or groups continue to invest in a decision despite new evidence suggesting it might be wrong.

Sunk Costs

Expenses that have already been incurred and cannot be recovered, which should not affect future decision-making but often do.