Figure 2-12 -Suppose Bob and Tom Are Writing Jokes for a Their

question 133

Multiple Choice

Figure 2-12
$$\begin{array} { | c | c | c | } \hline & \text { Bob } & \text { Tam } \\\hline \text { Political Jokes per day } & 10 & 11 \\\hline \text { Celebrity Jakes per day } & 2 & 12 \\\hline\end{array}$$
-Suppose Bob and Tom are writing jokes for a their new TV show.Suppose there are two types of jokes,political jokes and jokes about celebrities.The number of jokes that can be produced by each person in each category are listed in Figure 2-12.From this table you can tell that

• A) Bob has an absolute advantage in both political and celebrity jokes
• B) Tom has an absolute advantage in both political and celebrity jokes
• C) Bob has an comparative advantage in both political and celebrity jokes
• D) Tom has an comparative advantage in both political and celebrity jokes
• E) there are no gains from specialization

Grasp the changes and motivations behind welfare policies and reforms since the 1990s.

Understand the concept of forced savings programs and the difference between Medicare and Medicaid.

Recognize the role of federal legislation in shaping welfare and educational policies.

Explain the variance in welfare benefits and the concept of in-kind benefits.

---

Definitions:

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, in the absence of an actual agreement between the parties involved.

Quasi Contract Theory

A legal concept that allows a court to award damages to a party as if a contract existed, even though one does not, to prevent unjust enrichment.

Nurse Practitioner

A healthcare professional with advanced training, capable of providing some level of care similar to that of a doctor, including diagnosing and treating conditions.

Unconscious

A state in which a person is not awake and not aware of and responding to their environment.