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Table 2-9 Table 2-9 Shows the Number of Labor Hours

question 11

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Table 2-9
Table 2-9    Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand. -Refer to Table 2-9.Does either Japan or Thailand have an absolute advantage and if so,in what product? A) Thailand has an absolute advantage in rice. B) Japan has an absolute advantage in rice. C) Thailand has an absolute advantage in both products. D) Japan has an absolute advantage in wristwatches. Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-9.Does either Japan or Thailand have an absolute advantage and if so,in what product?

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Definitions:

Superego

In psychoanalytic theory, the part of the personality that acts as the moral center, enforcing ethical conduct and striving for perfection.

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Short-lived moments of enjoyment or satisfaction that do not have long-term effects on one's happiness or well-being.

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The process of seeking out activities or adopting behaviors that lead to personal growth and positive change.

Id

A component of Sigmund Freud's psychoanalytic theory, representing the set of uncoordinated instinctual desires driving individuals from birth.

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