Table 2-19 Table 2-19 Shows the Output Per Month of Month

question 245

Multiple Choice

Table 2-19
Table 2-19 shows the output per month of two people, Wilma and Betty. They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19. Which of the following statements is true?

• A) Wilma has a comparative advantage in making both products.
• B) Betty has a comparative advantage in making both products.
• C) Betty has a comparative advantage in making statues and Wilma in making benches.
• D) Betty has a comparative advantage in making benches and Wilma in making statues.

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Definitions:

Barnum Effect

The tendency for individuals to see themselves in vague, stock descriptions of personality that could apply to many people.

Barnum Effect

The phenomenon whereby individuals believe that vague, general statements about personality are highly accurate for them personally, often used in psychics and horoscopes.

Consistent Tendency

A regular or habitual pattern of behavior or thought that is reliably observed across different situations and over time.

Shy

A personality trait characterized by feelings of tension and discomfort in social situations.