If Wendy Can Produce More of All Goods Than Tommy

question 43

Multiple Choice

If Wendy can produce more of all goods than Tommy in an hour,then

• A) Wendy has an absolute advantage in all goods.
• B) Wendy does not need to trade with Tommy in order to achieve the gains from trade.
• C) Wendy has a comparative advantage in all goods.
• D) Tommy has an absolute advantage in all goods.
• E) Only Tommy but not Wendy can benefit from trade between the two of them.

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Definitions:

State Board of Nursing

A regulatory body responsible for licensing nurses and setting nursing practice standards within a specific state to ensure quality and competent nursing care.

Medical Malpractice

A legal cause of action occurring when a healthcare professional deviates from standards in their profession, resulting in harm to a patient.

Disciplinary Action

Measures taken by an organization or institution to address and correct undesirable behaviors or violations of policies by its members or employees.

Emergency Medical Treatment and Active Labor Act (EMTALA)

EMTALA is a U.S. federal law that requires hospitals to provide emergency healthcare treatment to anyone needing it regardless of citizenship, legal status, or ability to pay.