Table 2-19 Table 2-19 Shows the Output Per Month of Month

question 215

Multiple Choice

Table 2-19
Table 2-19 shows the output per month of two people, Wilma and Betty. They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19. Which of the following statements is true?

• A) Wilma has an absolute advantage in making both products.
• B) Betty has an absolute advantage in making both products.
• C) Betty has an absolute advantage in making statues and Wilma in making benches.
• D) Betty has an absolute advantage in making benches and Wilma in making statues.

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Definitions:

United States

A country in North America composed of 50 states, a federal district, five major self-governing territories, and various possessions.

Professional Malpractice

An instance where a professional fails to perform their duties to the accepted standard of practice in their field, leading to harm or loss.

Partnership

A legal arrangement where two or more persons agree to share the profits and losses of a business venture.

Distributorships

Business arrangements where an individual or company is given the right to sell and distribute a manufacturer's products within a particular territory.