Figure 16-2 Number of Workers Needed to Produce One Unit of Each

question 13

Multiple Choice

Figure 16-2
Number of workers needed to produce one unit of each of the following goods:

-In Figure 16-2,what can be said regarding comparative advantage?

• A)Colombia has a comparative advantage in producing radios.
• B)Korea has a comparative advantage in producing both radios and calculators.
• C)Korea has a comparative advantage in producing calculators.
• D)Colombia has a comparative advantage in producing calculators.
• E)Colombia has a comparative advantage in producing both radios and calculators.

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Definitions:

Self-service HR System

An online platform or system that enables employees to manage their HR-related tasks such as updating personal information, accessing payslips, and requesting leave.

Personal Records

Documents or files containing confidential and detailed information about an individual's employment history, qualifications, and personal details.

Big Data

Massive volumes of data that can be examined through computational means to uncover patterns, trends, and relationships, particularly those connected to human behavior and interactions.

Relational Database

A database variant that maintains and enables retrieval of interrelated data points.