Table 2-5 Table 2-5 Shows the Number of Labor Hours

question 5

Multiple Choice

Table 2-5
Table 2-5 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
-Refer to Table 2-5.Does either Estonia or Finland have an absolute advantage and if so,in what product?

• A)Finland has an absolute advantage in lumber.
• B)Estonia has an absolute advantage in lumber.
• C)Finland has an absolute advantage in both products.
• D)Estonia has an absolute advantage in cell phones.

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Definitions:

Urban Centers

Densely populated areas that are the focal points of culture, commerce, and government within cities.

Largest Urban

Refers to the city or metropolitan area with the highest population density and size within a specified region or country.

Largely Rural

Describes areas or regions that are primarily composed of countryside or agricultural land rather than urban or city landscapes.

Turn Of The Century

A phrase that marks the transition from one century to another, often used to describe significant societal, technological, and cultural shifts.