Table 9-12 Output Per Hour Production and Production

question 174

Multiple Choice

Table 9-12
Output per hour Production and Production
of work Consumption without Trade with Trade
Estonia and Morocco can produce both swords and belts. Each country has a total of 40 available labor hours for the production of swords and belts. Table 9-12 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-12. Which country has an absolute advantage in producing belts?

• A) Estonia
• B) Morocco
• C) both countries
• D) neither country

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Definitions:

Attitudinal Loyalty

The level of emotional attachment and positive feelings a customer has towards a brand, influencing repeat purchases.

Psychosurgery

The use of brain surgery to alter behaviour, especially in relation to psychiatric disorders.

Institutionalization

Institutionalization refers to the process of establishing something as a norm or standard in an organization or culture, or the process of placing individuals in institutional care.

Psychoanalysis

A therapeutic approach developed by Sigmund Freud that aims to explore unconscious desires and conflicts as a means of treating psychopathology.