Use the Table Below to Answer the Following Questions

question 131

Multiple Choice

Use the table below to answer the following questions.
Table 2.4.2
Production for one week by Sheila and Bruce

-Suppose John and Joe each have different production possibility frontiers;John specializes in cloth and Joe specializes in corn.John's island unexpectedly has exceptionally good weather,and suddenly he is twice as productive in the production of both corn and cloth.Select the best statement.

• A)This is an example of unemployed resources becoming employed.
• B)As a result, John will have an absolute advantage in both corn and cloth.
• C)As a result, it is possible that John and Joe will switch what they specialize in.
• D)There will be no change in what John and Joe specialize in, because John's comparative advantage has not changed.
• E)There will be a change in what John and Joe specialize in, because John's opportunity cost of production will have risen.

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Definitions:

Videos

Visual content media that record, play, and stream moving images and sound.

Visual Aids

Tools such as charts, graphs, images, or videos used to supplement verbal communication, making it easier to understand or retain.

Credibility

The quality of being trusted and believed in, often based on a reputation for honesty and integrity.

Authority Figure

An individual recognized or viewed as being in a position of power or control, such as a boss, teacher, or law enforcement officer.