Zora Can Produce 4 Quilts in a Week and She

question 111

True/False

Zora can produce 4 quilts in a week and she can produce 1 corporate website in a week. Lou can produce 9 quilts in a week and he can produce 2 corporate websites in a week. Zora has the comparative advantage in quilts and the absolute advantage in neither good, while Lou has the comparative advantage in corporate websites and the absolute advantage in both goods.

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Definitions:

Adopted Children

Children who have been legally taken into a family other than that of their biological parents and raised as members of that family.

Critical Thinking

The process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.

Sex Differences

The biological and physiological distinctions between males and females, often in the context of psychological or behavioral studies.

IQ Scores

A measure of a person's intelligence as indicated by an intelligence test, relative to the average performance of others in the same age group.