SCENARIO: ABSOLUTE AND COMPARATIVE ADVANTAGE

question 158

Multiple Choice

SCENARIO: ABSOLUTE AND COMPARATIVE ADVANTAGE
Poland requires 4 hours of labor to produce a ton of coal and 10 hours of
Labor to produce 10 bushels of wheat.The Czech Republic requires 6
Hours of labor to produce a ton of coal and 10 hours of labor to produce
10 bushels of wheat.
Reference: Ref 2­5
(Scenario: Absolute and Comparative Advantage) In Poland, what is the
Marginal product of labor in coal production?

• A)2.5 tons per hour
• B)0.4 tons per hour
• C)4 tons per hour
• D)0.4 tons per bushel of wheat

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Definitions:

Age Discrimination

The unequal treatment of individuals due to their age, particularly in employment settings.

Mean

A statistical measure representing the average value of a set of numbers.

Distribution

The process by which goods or services are spread or made available to consumers or through which phenomenon are spread across a population or area.

Misleading

Information or statements that lead to incorrect impressions, interpretations, or understanding, often intentionally.