Table 3.3 -Consider Two Individuals,Bob and Jerry,who Produce Guitars and Banjos.Bob and Banjos.Bob

question 25

Multiple Choice

Table 3.3
-Consider two individuals,Bob and Jerry,who produce guitars and banjos.Bob and Jerry's weekly productivity are shown in Table 3.3.Which of the following is true?

• A) Bob has an absolute advantage in producing both goods, and a comparative advantage in producing guitars.
• B) Bob has an absolute advantage in producing both goods, and a comparative advantage in producing banjos.
• C) Bob has an absolute and a comparative advantage in producing both goods.
• D) Bob has an absolute advantage in producing both goods, but no one has a comparative advantage in producing either good.

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Definitions:

Work Motivation

The set of internal and external forces that influence an individual's level of effort and persistence in facing work-related tasks.

Specific Goals

Clearly defined, measurable, and time-bound objectives that are designed to guide actions and measure progress.

Feedback

Information given to an individual or system about its performance, intended to guide future improvements or adjustments.

Universality

The quality of being true or applicable in all situations, cultures, or times.