Figure 16-1 Number of Workers Needed to Produce One Unit of Each

question 79

Multiple Choice

Figure 16-1
Number of workers needed to produce one unit of each of the following goods:

-What can be said regarding absolute advantage in production for the two countries shown in Figure 16-1?

• A)Colombia has an absolute advantage in producing both calculators and radios.
• B)Korea has an absolute advantage only in producing calculators.
• C)Korea has an absolute advantage in producing both radios and calculators.
• D)Neither country has an absolute advantage in producing radios.
• E)Colombia has an absolute advantage only in producing calculators.

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Definitions:

Blu-ray

A type of optical disc technology that uses a blue laser instead of a red laser (like the kind used in CD/DVD drives) to achieve higher disc capacities.

IMEI

International Mobile Equipment Identity, a unique code used to identify mobile phones and certain other devices.

DHCP Server

A server configured to assign IP addresses automatically to devices on a network.

IP Addresses

Unique numeric identifiers assigned to each device connected to a computer network that uses the Internet Protocol for communication, enabling devices to locate and communicate with each other.