Both Dave and Caroline Produce Sweaters and Socks

question 41

Multiple Choice

Both Dave and Caroline produce sweaters and socks.If Dave's opportunity cost of 1 sweater is 3 socks and Caroline's opportunity cost of 1 sweater is 5 socks,then

• A)Dave has a comparative advantage in the production of sweaters.
• B)Caroline has a comparative advantage in the production of sweaters.
• C)Dave has a comparative advantage in the production of socks.
• D)Dave has a comparative advantage in the production of both sweaters and socks.

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Definitions:

Cognitions

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Three-Component Model

A model in psychology that views attitude as having cognitive, affective, and behavioral components.

Attitudes

Psychological tendencies expressed by evaluating particular entities with some degree of favor or disfavor, reflecting how individuals think, feel, and are inclined to act.

Information Integration Theory

The idea that a person’s attitude can be estimated by averaging across the positive and negative ratings of the object.