Figure 3-3 -Refer to Figure 3-3.Which of the Following Statements Is Correct

question 143

Multiple Choice

Figure 3-3

-Refer to Figure 3-3.Which of the following statements is correct?

• A)Fred sacrifices 1 2/3 ballet slippers to produce 1 tap shoe; Ginger sacrifices 3/4 of a ballet slipper to produce 1 tap shoe; therefore, Fred has a comparative advantage in producing tap shoes.
• B)Fred sacrifices 3/5 of a ballet slipper to produce 1 tap shoe; Ginger sacrifices 1 1/3 ballet slippers to produce 1 tap shoe; therefore, Fred has an absolute advantage in producing tap shoes.
• C)Fred requires 4 hours to produce a tap shoe; Ginger requires 6 2/3 hours to produce a tap shoe; therefore, Fred has a comparative advantage in producing tap shoes.
• D)Fred requires 4 hours to produce a tap shoe; Ginger requires 6 2/3 hours to produce a tap shoe; therefore, Fred has an absolute advantage in producing tap shoes.

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A style of leadership where a single person has complete control over decision-making, with minimal contribution from other members of the group.

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