The Table Given Below Shows the Number of Labor Hours

question 31

Multiple Choice

The table given below shows the number of labor hours required to produce 1 umbrella and 1 bushel of corn in the U.K. and the Rest of the World. Which of the following statements is true? $$\begin{array} { | c | c | c | } \hline \text { Labor hours to make: } & \text { In the Urited Kingdorn } & \text { In the Rest of the World } \\\hline \text { l umbrella } & 3.00 & 2.00 \\\hline \text { 1 bushel of corn} & 1.00 & 0.25 \\\hline\end{array}$$

• A)The United Kingdom has a comparative advantage in the production of corn.
• B)The United Kingdom has an absolute advantage in the production of umbrellas.
• C)The United Kingdom has a comparative advantage in the production of umbrellas.
• D)The United Kingdom has a comparative advantage in the production of both the goods.

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Definitions:

Family Therapy

Therapy that treats the family as a system. Views an individual’s unwanted behaviors as influenced by, or directed at, other family members.

Cognitive Therapy

A form of psychotherapy that focuses on changing negative patterns of thinking to improve emotional well-being and adjust behavior.

Psychotherapists

Professionals who treat mental health problems and human distress through psychological techniques and therapies rather than medical means.

Personal Values

The principles and beliefs that an individual considers important and guides their behavior.