Figure 3-4 -Refer to Figure 3-4. What Does Each of the Two

question 79

Multiple Choice

Figure 3-4
-Refer to Figure 3-4. What does each of the two producers have a comparative advantage in?

• A) Ben has a comparative advantage in beer, and Jerry has a comparative advantage in wine.
• B) Ben has a comparative advantage in wine, and Jerry has a comparative advantage in beer.
• C) Ben has a comparative advantage in neither good, and Jerry has a comparative advantage in wine.
• D) Ben has a comparative advantage in both goods, and Jerry has a comparative advantage in neither.

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Definitions:

Informational

Relating to or providing information; designed to convey knowledge or provide explanations.

Groupthink

An occurrence within a group where the need for agreement or adherence leads to illogical or ineffectual choices.

Deindividuation

A psychological state where an individual loses self-awareness and a sense of individuality, often leading to disinhibited behavior, usually in group settings.

Deindividuation

A psychological state where an individual loses self-awareness and self-restraint, often occurring in group settings that foster anonymity.