Table 3-8 Assume That Huang and Min Can Switch Between Producing Parasols

question 133

Multiple Choice

Table 3-8
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.

-Refer to Table 3-8.Min has an absolute advantage in the production of

• A) plates and a comparative advantage in the production of plates.
• B) parasols and a comparative advantage in the production of plates.
• C) neither good and a comparative advantage in the production of parasols.
• D) neither good and a comparative advantage in the production of plates.

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Definitions:

Central

Pertaining to the most important or primary component in a system or concept.

Peripheral

Relating to or situated on the edge or periphery of something, often indicating a boundary or outside limit.

Peripheral Route

In the Elaboration Likelihood Model of persuasion, a way of processing information that does not involve deep thinking and focuses on superficial cues.

Central Route

Part of the Elaboration Likelihood Model of persuasion, it involves thoughtful consideration of the arguments presented.