In Colombia, It Takes Three Workers to Produce Two Pounds

question 120

Multiple Choice

In Colombia, it takes three workers to produce two pounds of coffee. In Mexico, it takes four workers to produce one pound of coffee. Therefore:

• A) Colombia has a comparative advantage in the production of coffee.
• B) Mexico has a comparative advantage in the production of coffee.
• C) in Colombia, the opportunity cost of producing one pound of coffee is two-thirds.
• D) Colombia has an absolute advantage in the production of coffee.

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Definitions:

Instrumentalities

The perceived probability that performing at a certain level will lead to the attainment of a valued outcome.

Valences

In the context of psychology, it refers to the intrinsic attractiveness or aversiveness of an event, object, or situation.

Task Goals

The specific objectives or targets that an individual or team aims to achieve within a task.

Expectancy Theory of Motivation

A theory suggesting that an individual's motivation is based on their expected outcome of specific behaviors and the value they place on those outcomes.