Table 2.4 Table 2.4 Shows the Output Per Week of Two Jewellers

question 158

Multiple Choice

Table 2.4

Table 2.4 shows the output per week of two jewellers, Sabrina and Holly. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2.4. Which of the following statements is true?

• A)Holly has a comparative advantage in making both products.
• B)Sabrina has a comparative advantage in making both products.
• C)Holly has a comparative advantage in making necklaces and Sabrina in making bracelets.
• D)Holly has a comparative advantage in making bracelets and Sabrina in making necklaces.

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Definitions:

Social Learning Theory

A theory that posits individuals learn behaviors, norms, and values by observing and imitating the actions of others, especially if those actions are rewarded.

Self-Reinforcement

The process through which individuals reinforce their own behavior with self-administered rewards or punishments.

Behavior Consequences

The outcomes that follow an individual's actions, which can reinforce or punish the behavior, thereby influencing future behavior.

Positive Reinforcement

A process in behavioral psychology where the introduction of a stimulus following a specific behavior increases the likelihood of that behavior occurring again in the future.