Table 2-8 Table 2-8 Shows the Output Per Month of Month

question 89

Multiple Choice

Table 2-8
Table 2-8 shows the output per month of two people,Wilma and Betty.They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-8.Which of the following statements is true?

• A)Wilma has an absolute advantage in making both products.
• B)Betty has an absolute advantage in making both products.
• C)Betty has an absolute advantage in making statues and Wilma in making benches.
• D)Betty has an absolute advantage in making benches and Wilma in making statues.

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Definitions:

Outsourcing

Is a decision to allow one or more of a company’s value chain activities to be performed by onshore independent specialist companies that focus all their skills and knowledge on just one kind of activity.

Bona Fide

Genuine; real; without intention to deceive or any fraud involved.

Non-Discrimination Quotas

Policies or measures implemented to ensure equal opportunities by requiring a certain percentage of minorities or women in hiring or admissions.