Table 3-6 Assume That Maya and Miguel Can Switch Between Producing Mixers

question 35

Multiple Choice

Table 3-6
Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate.

-Refer to Table 3-6.Maya has an absolute advantage in the production of

• A) both goods and a comparative advantage in the production of mixers.
• B) both goods and a comparative advantage in the production of toasters.
• C) neither good and a comparative advantage in the production of mixers.
• D) neither good and a comparative advantage in the production of toasters.

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Definitions:

Leading

Leading creates enthusiasm to work hard to accomplish tasks successfully.

Following

The act of adhering to or being guided by the instructions, leadership, or direction provided by someone else.

Achievement-Oriented Leadership

Emphasizes setting goals, stressing excellence, and showing confidence in people’s ability to achieve high standards of performance.

Milton Friedman

Milton Friedman was an influential American economist known for his work on monetary policy, market capitalism, and the advocacy of free markets.