Table 2-16 Table 2-16 Shows the Number of Labor Hours

question 48

Multiple Choice

Table 2-16
Table 2-16 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
-Refer to Table 2-16. If the two countries specialize and trade, who should export cell phones?

• A) There is no basis for trade between the two countries.
• B) Estonia
• C) Finland
• D) They should both be importing cell phones.

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Definitions:

Idealism

A philosophy that emphasizes the primacy of mental or spiritual interpretation over material reality, suggesting that reality is fundamentally shaped by ideas.

Hypocritical

Hypocritical describes a behavior or attitude in which an individual presents a false appearance of holding certain principles or beliefs, often acting in contradiction to their stated values or viewpoints.

Rebellion

The act of resisting authority, control, or tradition, often expressed through actions or behaviors contrary to societal norms or expectations.

Conformity

The tendency to adjust one's behaviors, attitudes, or beliefs to match those of a group or to meet the standards of social norms.