Suppose You Can Type a Paper in Two Hours or Mow

question 226

Multiple Choice

Suppose you can type a paper in two hours or mow the lawn in four hours. It takes your friend Ann eight hours to type a paper of the same length and five hours to mow the same size of lawn. Which of the following is true?

• A) Ann is the high-opportunity cost producer of both typing and mowing.
• B) Since you can type papers and mow lawns faster than Ann, you and Ann cannot benefit from specialization and trade.
• C) You and Ann could expand output and gain from trade if she specialized in mowing lawns and you specialized in typing papers.
• D) You and Ann could expand output and gain from trade if she specialized in typing papers and you specialized in mowing lawns.

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Definitions:

Personnel Psychologists

Specialists in psychology who focus on recruiting, selecting, training, evaluating, and compensating employees.

Annual Reviews

Comprehensive reports produced yearly that assess progress and performance across various dimensions.

Social Leadership

The ability of an individual to guide, influence, or inspire a group towards reaching collective goals, often involving the skillful management of group dynamics and the fostering of cooperative relationships.

Task Leadership

The ability to guide, organize, and accomplish specific goals or tasks within a group or organization.