The Following Table Shows the Units of Output a Worker

question 131

Multiple Choice

The following table shows the units of output a worker can produce per month in country A and country B. Which of the following statements about absolute advantage is true?

• A)Country A has the absolute advantage in the production of food while country B has the absolute advantage in the production of electronics.
• B)Country A has the absolute advantage in the production of both food and electronics.
• C)Country B has the absolute advantage in the production of both food and electronics.
• D)All of these.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Pigouvian Subsidy

A financial incentive given by the government to encourage activities that have positive externalities, or beneficial effects on society that are not reflected in the market price.

Free Market

An economic system where prices for goods and services are determined by the open market and consumers, with minimal government intervention.

Optimal Pigouvian Tax

A type of tax designed to correct the negative externalities of a market activity, set at a level that equates the marginal social cost of the externality with the marginal private cost.

Socially Optimal

A condition where resources are allocated in a way that benefits society as a whole, maximizing overall welfare.