Suppose an American Worker Can Make 100 Nets or Catch

question 35

Multiple Choice

Suppose an American worker can make 100 nets or catch 900 fish per day. On the other hand, a Chilean worker, can make 40 nets or catch 400 fish per day. The United States has an absolute advantage at producing both fish and nets. This means that the United States:

• A) should produce only nets and trade with Chile to get fish.
• B) should produce only fish and trade with Chile to get nets.
• C) should take advantage of Chile by trading with them.
• D) same amount of workers" to read "same number of workers.

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Definitions:

Responsibility for Actions

The accountability or duty of an individual to account for their actions, make amends, or face consequences.

Oedipus Complex

A concept in psychoanalytic theory introduced by Sigmund Freud, which posits a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Freud

Sigmund Freud was an Austrian neurologist who founded the discipline of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Personality Formed

The process by which an individual's distinct personality traits develop, often influenced by genetic, environmental, and social factors.