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Table 3.2 -Consider Two Individuals,Rose and Sharon,who Produce Fish and Coconuts.Rose and Coconuts.Rose

question 85

Multiple Choice

   Table 3.2 -Consider two individuals,Rose and Sharon,who produce fish and coconuts.Rose and Sharon's hourly productivity are shown in Table 3.2.Which of the following is true? A)  Rose has both an absolute and comparative advantage in coconut production. B)  Rose has both an absolute and comparative advantage in fish production. C)  Rose has neither an absolute nor comparative advantage in coconut production. D)  Rose has an absolute advantage, but not a comparative advantage, in fish production.
Table 3.2
-Consider two individuals,Rose and Sharon,who produce fish and coconuts.Rose and Sharon's hourly productivity are shown in Table 3.2.Which of the following is true?


Definitions:

External Forces

Factors outside of an individual's or organization's control that affect their decisions or operations.

Scientific Theories

Thoroughly validated interpretations of particular facets of the natural world, grounded in an evidential base that has been consistently reaffirmed through both empirical observation and experimental procedures.

Well-Founded Predictions

Predictions made based on solid evidence or justified reasoning.

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