Table 2-7 Table 2-7 Shows the Output Per Month of Two People

question 251

Multiple Choice

Table 2-7

Table 2-7 shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles.
-Refer to Table 2-7.Which of the following statements is true?

• A)Fred has a comparative advantage in making both products.
• B)Barney has a comparative advantage in making both products.
• C)Barney has a comparative advantage in making pogo sticks and Fred in making unicycles.
• D)Barney has a comparative advantage in making unicycles and Fred in making pogo sticks.

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Definitions:

Personal Observation

An individual's own monitoring and recording of events or behaviors, used as a method of gathering data.

Data Collection Methods

Techniques and tools used to gather, measure, and analyze data from various sources for research or decision-making purposes.

Motivations

The reasons or drives behind an individual's actions, desires, or needs.

Reliability Issues

Problems related to the consistency and dependability of a product's performance over time.