Table 3-8 Assume That Huang and Min Can Switch Between Producing Parasols

question 380

Multiple Choice

Table 3-8
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.
-Refer to Table 3-8. Assume that Huang and Min each has 36 labor hours available. Originally, each person divided his/her time equally between the production of parasols and plates. Now, each person spends all their time producing the good in which they have a comparative advantage. As a result, the total output of plates increased by

• A) 0.
• B) 1.5.
• C) 3.
• D) 9.

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Definitions:

Storage

The act or process of keeping data, objects, or materials in a location for future use, preservation, or retrieval.

Retrieval

The process of accessing and bringing into consciousness information stored in memory.

Working Memory

A mental “workbench” where individuals manipulate and assemble information when making decisions, solving problems, and comprehending written and spoken language.

Attention

The cognitive process of selectively concentrating on one aspect of the environment while ignoring other things.