Suppose That a Worker in Country a Can Make Either

question 26

Multiple Choice

Suppose that a worker in Country A can make either 10 iPhones or 5 iPads each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPhones or 10 iPads each year. Country B has 200 workers. Country B has a(n) _____ advantage at producing iPads, which means it should specialize in _____.

• A) comparative; iPads
• B) absolute; iPads
• C) comparative; iPhones
• D) absolute; iPhones

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Definitions:

Educational Choices

Refers to selections made regarding educational paths, institutions, or programs based on individual preferences and goals.

Career Choices

The selection of a particular path or profession in which an individual intends to pursue over the course of their employment life.

Earnings

The amount of money that an individual or company receives in return for their labor or investment.

Female/Male Earnings Ratio

The comparison of average earnings between women and men, often used to highlight gender pay disparities.